NAVIGATING CAPITAL GAINS TAX IN THE SUNSHINE STATE

Navigating Capital Gains Tax in the Sunshine State

When selling a property in Florida, you don't be subject to a state-level capital gains tax, enhancing your earnings. You should evaluate the federal government’s primary residence exclusion if you've resided in the property for two out of five previous years—permitting up to $500,000 exclusion for spouses or $250,000 for single filers. Renovat

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