HOW TO MANAGE CAPITAL GAINS TAX WHEN SELLING INVESTMENT PROPERTIES IN FLORIDA

When offloading a property in the Sunshine State, you don't face state-imposed capital gains taxes, enhancing your returns. You should consider the Internal Revenue Service’s primary residence exclusion if you've resided in the property for two of the last five years—allowing up to $500,000 exclusion for joint filers or $250,000 if unmarried. R