How to Manage Capital Gains Taxes When Selling A Home in the Sunshine State
When listing a home in FL, you won’t be subject to state-imposed capital gains taxes, enhancing your returns. You ought to evaluate the Internal Revenue Service’s main home exclusion if you've lived there for two of the last five years—granting up to $500,000 in exempted gains for spouses or $250,000 for single filers. Renovations can raise y