HOW TO HANDLE CAPITAL GAINS TAXES WHEN SELLING A HOME IN FLORIDA

When selling a property in the Sunshine State, you will not face state-imposed capital gains taxes, enhancing your returns. You may want to think about the IRS's principal residence exemption if you've resided in the property for at least two of the past five years—permitting up to $500,000 exclusion for married couples or $250,000 if unmarried.