How to Manage Capital Gains Tax When Selling Investment Properties in the Sunshine State
When offloading a home in FL, you won’t encounter a state-level capital gains tax, maximizing your returns. You may want to evaluate 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 in exempted gains for spouses or $250,000 if unmarried. Renovations can raise yo