How to Manage Capital Gains Taxes When Selling Property in the Sunshine State
When selling a home in Florida, you don't be subject to state capital gains tax, boosting your returns. You may want to consider the Internal Revenue Service’s principal residence exemption if you've resided in the property for two of the last five years—allowing up to $500,000 exclusion for joint filers or $250,000 if unmarried. Upgrades can b