Ways to Handle Capital Gains Taxes When Selling Investment Properties in Florida
When listing a property in the Sunshine State, you don't face a state-level capital gains tax, maximizing your returns. You should consider the IRS's principal residence exemption if you've lived there for at least two of the past five years—allowing up to $500,000 in exempted gains for married couples or $250,000 for single filers. Upgrades can