NAVIGATING CAPITAL GAINS TAXES IN THE SUNSHINE STATE

Navigating Capital Gains Taxes in the Sunshine State

When offloading a property in Florida, you don't face state capital gains tax, maximizing your earnings. You may want to evaluate the IRS's main home exclusion if you've resided in the property for at least two of the past five years—permitting up to a $500,000 tax exemption for married couples or $250,000 for others. Renovations can boost your p

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