WAYS TO MANAGE CAPITAL GAINS TAXES WHEN SELLING PROPERTY IN FLORIDA

When selling a residence in the Sunshine State, you don't face a state-level capital gains tax, enhancing your profits. You may want to consider the Internal Revenue Service’s primary residence exclusion if you've resided in the property for at least two of the past five years—allowing up to $500,000 exclusion for spouses or $250,000 for others