UNDERSTANDING CAPITAL GAINS TAXES IN FLORIDA

Understanding Capital Gains Taxes in Florida

When selling a residence in FL, you will not be subject to a state-level capital gains tax, enhancing your returns. You ought to evaluate the Internal Revenue Service’s main home exclusion if you've occupied the home for two out of five previous years—permitting up to $500,000 in exempted gains for married couples or $250,000 if unmarried. Upgr

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