UNDERSTANDING CAPITAL GAINS TAX IN THE SUNSHINE STATE

Understanding Capital Gains Tax in the Sunshine State

When listing a property in the Sunshine State, you don't face state capital gains tax, maximizing your profits. You ought to think about the federal government’s primary residence 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. Renovat

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