UNDERSTANDING CAPITAL GAINS TAX IN FLORIDA

Understanding Capital Gains Tax in Florida

When listing a property in the Sunshine State, you will not be subject to state capital gains tax, maximizing your returns. You ought to consider the IRS's primary residence exclusion if you've resided in the property for two out of five previous years—permitting up to $500,000 exclusion for spouses or $250,000 if unmarried. Upgrades can increase

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