THE SUNSHINE STATE'S CAPITAL GAINS TAX: WHAT YOU NEED TO KNOW

When selling a residence in FL, you won’t be subject to a state-level capital gains tax, maximizing your returns. You should consider the Internal Revenue Service’s principal residence exemption if you've resided in the property for two out of five previous years—granting up to a $500,000 tax exemption for married couples or $250,000 for othe