How to Handle Capital Gains Taxes When Selling Investment Properties in Florida
When selling a residence in the Sunshine State, you won’t face a state-level capital gains tax, boosting your profits. You may want to consider the IRS's principal residence exemption if you've occupied the home for two out of five previous years—granting up to $500,000 in exempted gains for married couples or $250,000 for others. Upgrades can