HOW TO MANAGE CAPITAL GAINS TAX WHEN SELLING A HOME IN THE SUNSHINE STATE

When offloading a home in Florida, you won’t be subject to state capital gains tax, enhancing your returns. You should consider the IRS's primary residence exclusion if you've lived there for at least two of the past five years—allowing up to $500,000 exclusion for spouses or $250,000 if unmarried. Upgrades can increase your home’s value, pos