WAYS TO MANAGE CAPITAL GAINS TAX WHEN SELLING PROPERTY IN THE SUNSHINE STATE

When selling a property in the Sunshine State, you don't be subject to state capital gains tax, boosting your profits. You may want to think about the federal government’s main home exclusion if you've occupied the home for two of the last five years—allowing up to a $500,000 tax exemption for joint filers or $250,000 if unmarried. Upgrades can