Exploring Capital Gains Taxes in the Sunshine State

When offloading a home in FL, you don't encounter state capital gains tax, maximizing your profits. You should evaluate the IRS's main home exclusion if you've lived there for two of the last five years—allowing up to $500,000 exclusion for joint filers or $250,000 for single filers. Improvements can raise your property's worth, possibly lowering

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