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

When selling a residence in Florida, you don't be subject to state capital gains tax, maximizing your profits. You should evaluate the federal government’s principal residence exemption if you've occupied the home for at least two of the past five years—granting up to $500,000 in exempted gains for married couples or $250,000 if unmarried. Impr