HOW TO MANAGE CAPITAL GAINS TAXES WHEN SELLING INVESTMENT PROPERTIES IN FLORIDA

When selling a home in the Sunshine State, you will not encounter state capital gains tax, boosting your profits. You should evaluate the Internal Revenue Service’s principal residence exemption if you've lived there for two out of five previous years—allowing up to $500,000 exclusion for spouses or $250,000 if unmarried. Upgrades can raise you