How to Manage Capital Gains Taxes When Selling Investment Properties in the Sunshine State
When selling a home in Florida, you don't encounter state capital gains tax, maximizing your profits. You should evaluate the IRS's primary residence exclusion if you've lived there for at least two of the past five years—granting up to $500,000 in exempted gains for joint filers or $250,000 for single filers. Improvements can increase your homeâ