HOW TO HANDLE CAPITAL GAINS TAX WHEN SELLING A HOME IN THE SUNSHINE STATE

When listing a residence in FL, you will not encounter state capital gains tax, boosting your earnings. You ought to consider the IRS's principal residence exemption if you've resided in the property for two out of five previous years—permitting up to $500,000 exclusion for joint filers or $250,000 if unmarried. Improvements can increase your hom