THE SUNSHINE STATE'S CAPITAL GAINS TAX: WHAT YOU NEED TO KNOW

When offloading a property in FL, you won’t be subject to a state-level capital gains tax, maximizing your returns. You should consider the federal government’s main home exclusion if you've resided in the property for at least two of the past five years—granting up to a $500,000 tax exemption for joint filers or $250,000 for others. Upgrades