How to Handle Capital Gains Tax When Selling Property in the Sunshine State
When listing a property in the Sunshine State, you won’t be subject to state-imposed capital gains taxes, boosting your profits. You may want to evaluate the federal government’s main home exclusion if you've occupied the home for two out of five previous years—granting up to a $500,000 tax exemption for spouses or $250,000 for single filers.