UNDERSTANDING CAPITAL GAINS TAX IN THE SUNSHINE STATE

When offloading a home in Florida, you will not be subject to state capital gains tax, boosting your returns. You may want to think about the IRS's main home exclusion if you've lived there for two of the last five years—permitting up to $500,000 in exempted gains for spouses or $250,000 for others. Upgrades can increase your property's worth, po