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

The Sunshine State's Capital Gains Tax: What You Need to Know

When listing a property in FL, you will not be subject to state capital gains tax, maximizing your profits. You ought to evaluate the Internal Revenue Service’s principal residence exemption if you've resided in the property for at least two of the past five years—allowing up to a $500,000 tax exemption for spouses or $250,000 if unmarried. Imp

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