HOW TO HANDLE CAPITAL GAINS TAX WHEN SELLING A HOME IN FLORIDA

When selling a residence in FL, you won’t be subject to a state-level capital gains tax, maximizing your earnings. You ought to consider the IRS's primary residence exclusion if you've resided in the property for at least two of the past five years—allowing up to a $500,000 tax exemption for linked here joint filers or $250,000 if unmarried. Re