HOW TO MANAGE CAPITAL GAINS TAX WHEN SELLING INVESTMENT PROPERTIES IN THE SUNSHINE STATE

When offloading a home in Florida, you won’t be subject to state-imposed capital gains taxes, boosting your earnings. You ought to evaluate the Internal Revenue Service’s principal residence exemption if you've resided in the property for at least two of the past five years—granting up to a $500,000 tax exemption for joint filers or $250,000