UNDERSTANDING CAPITAL GAINS TAX IN THE SUNSHINE STATE

Understanding Capital Gains Tax in the Sunshine State

When listing a home in Florida, you don't be subject to a state-level capital gains tax, maximizing your returns. You should think about the Internal Revenue Service’s principal residence exemption if you've lived there for at least two of the past five years—granting up to a $500,000 tax exemption for married couples or $250,000 for others. Im

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