Florida's Capital Gains Taxes: A Comprehensive Guide
When selling a home in Florida, you don't encounter a state-level capital gains tax, enhancing your profits. You ought to think about the IRS's main home exclusion if you've occupied the home for at least two of the past five years—granting up to $500,000 exclusion for spouses or $250,000 if unmarried. Upgrades can boost your property's value, po