NAVIGATING CAPITAL GAINS TAX IN THE SUNSHINE STATE

When offloading a residence in FL, you don't be subject to a state-level capital gains tax, maximizing your returns. You should consider the federal government’s main home exclusion if you've lived there for two out of five previous years—granting up to $500,000 in exempted gains for joint filers or $250,000 for single filers. Renovations can r