How to Manage Capital Gains Taxes When Selling Investment Properties in Florida
When listing a home in FL, you won’t face state-imposed capital gains taxes, boosting your profits. You ought to consider the IRS's principal residence exemption if you've occupied the home for two of the last five years—allowing up to $500,000 in exempted gains for joint filers or $250,000 for others. Upgrades can increase your property's wort