NAVIGATING CAPITAL GAINS TAXES IN THE SUNSHINE STATE

When offloading a property in FL, you don't encounter a state-level capital gains tax, maximizing your earnings. You ought to think about the IRS's main home exclusion if you've lived there for at least two of the past five years—allowing up to $500,000 exclusion for joint filers or $250,000 for single filers. Improvements can raise your home’s