FLORIDA'S CAPITAL GAINS TAXES: WHAT YOU NEED TO KNOW

When listing a residence in the Sunshine State, you won’t face a state-level capital gains tax, maximizing your returns. You should evaluate the IRS's main home exclusion if you've lived there for two out of five previous years—granting up to a $500,000 tax exemption for joint filers or $250,000 for others. Improvements can boost your real esta