HOW TO MANAGE CAPITAL GAINS TAXES WHEN SELLING PROPERTY IN FLORIDA

When offloading a property in Florida, you won’t be subject to a state-level capital gains tax, boosting your returns. You should evaluate the federal government’s primary residence exclusion if you've resided in the property for two out of five previous years—permitting up to $500,000 in exempted gains for joint filers or $250,000 for others