WAYS TO HANDLE CAPITAL GAINS TAXES WHEN SELLING PROPERTY IN THE SUNSHINE STATE

When listing a property in FL, you won’t encounter a state-level capital gains tax, boosting your earnings. You should consider the Internal Revenue Service’s principal residence exemption if you've resided in the property for at least two of the past five years—permitting up to $500,000 in exempted gains for joint filers or $250,000 for othe