NAVIGATING CAPITAL GAINS TAXES IN THE SUNSHINE STATE

Navigating Capital Gains Taxes in the Sunshine State

When listing a residence in FL, you don't encounter state capital gains tax, maximizing your profits. You should consider the Internal Revenue Service’s primary residence exclusion if you've resided in the property for two of the last five years—permitting up to $500,000 in exempted gains for married couples or $250,000 for others. Improvements

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