THE SUNSHINE STATE'S CAPITAL GAINS TAX: A COMPREHENSIVE GUIDE

When selling a property in the Sunshine State, you won’t encounter a state-level capital gains tax, enhancing your earnings. You may want to consider the IRS's main home exclusion if you've resided in the property for two of the last five years—allowing up to a $500,000 tax exemption for joint filers or $250,000 for single filers. Renovations c