UNDERSTANDING CAPITAL GAINS TAX IN THE SUNSHINE STATE

Understanding Capital Gains Tax in the Sunshine State

When selling a property in Florida, you don't be subject to a state-level capital gains tax, enhancing your profits. You ought to think about the IRS's primary residence exclusion if you've occupied the home for at least two of the past five years—allowing up to a $500,000 tax exemption for married couples or $250,000 if unmarried. Upgrades can i

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