How to Handle Capital Gains Taxes When Selling Investment Properties in the Sunshine State
When selling a home in Florida, you don't face state capital gains tax, boosting your earnings. You ought to evaluate the Internal Revenue Service’s main home exclusion if you've resided in the property for at least two of the past five years—allowing up to $500,000 in exempted gains for married couples or $250,000 if unmarried. Renovations can