HOW TO MANAGE CAPITAL GAINS TAXES WHEN SELLING PROPERTY IN THE SUNSHINE STATE

When selling a property in Florida, you won’t encounter a state-level capital gains tax, boosting your returns. You may want to think about the Internal Revenue Service’s principal residence exemption if you've resided in the property for at least two of the past five years—allowing up to a $500,000 tax exemption for spouses or $250,000 if un