UNDERSTANDING CAPITAL GAINS TAX IN THE SUNSHINE STATE

When offloading a home in the Sunshine State, you don't face state-imposed capital gains taxes, boosting your profits. You may want to think about the IRS's main home exclusion if you've resided in the property for two out of five previous years—allowing up to $500,000 in exempted gains for spouses or $250,000 if unmarried. Improvements can raise