Ways to Manage Capital Gains Taxes When Selling Investment Properties in the Sunshine State
When selling a property in FL, you will not encounter state-imposed capital gains taxes, boosting your returns. You ought to evaluate the IRS's main home exclusion if you've lived there for two out of five previous years—allowing up to $500,000 exclusion for spouses or $250,000 for single filers. Renovations can boost your home’s market price,