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

When offloading a home in FL, you won’t encounter state capital gains tax, maximizing your returns. You should consider the IRS's principal residence exemption if you've occupied the home for at least two of the past five years—allowing up to a $500,000 tax exemption for joint filers or $250,000 for others. Improvements can raise your real esta