How to Handle Capital Gains Tax When Selling Property in the Sunshine State
When selling a home in the Sunshine State, you don't be subject to state-imposed capital gains taxes, enhancing your earnings. You ought to think about the IRS's principal residence exemption if you've lived there for at least two of the past five years—allowing up to $500,000 exclusion for married couples or $250,000 for others. Upgrades can inc