NAVIGATING CAPITAL GAINS TAXES IN FLORIDA

Navigating Capital Gains Taxes in Florida

When selling a residence in FL, you won’t encounter a state-level capital gains tax, enhancing your profits. You may want to think about the IRS's main home exclusion if you've lived there for at least two of the past five years—permitting up to $500,000 exclusion for married couples or $250,000 for others. Renovations can increase your home’

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