UNDERSTANDING CAPITAL GAINS TAX IN THE SUNSHINE STATE

When selling a home in the Sunshine State, you don't be subject to state-imposed capital gains taxes, maximizing your profits. You ought to think about the IRS's primary residence exclusion if you've occupied the home for two out of five previous years—granting up to $500,000 exclusion for spouses or $250,000 if unmarried. Upgrades can increase y