THE SUNSHINE STATE'S CAPITAL GAINS TAXES: WHAT YOU NEED TO KNOW

When offloading a property in Florida, you don't be subject to state capital gains tax, enhancing your returns. You should consider the IRS's main home exclusion if you've lived there for two out of five previous years—permitting up to $500,000 in exempted gains for joint filers or $250,000 for others. Renovations can boost your property's worth,