How to Manage Capital Gains Taxes When Selling Property in the Sunshine State
When listing a home in FL, you will not be subject to state capital gains tax, boosting your returns. You may want to consider the federal government’s principal residence exemption if you've lived there for two of the last five years—permitting up to $500,000 exclusion for married couples or $250,000 if unmarried. Upgrades can raise your prope