FLORIDA'S CAPITAL GAINS TAXES: A COMPREHENSIVE GUIDE

Florida's Capital Gains Taxes: A Comprehensive Guide

When offloading a property in Florida, you will not face a state-level capital gains tax, boosting your earnings. You ought to think about the IRS's principal residence exemption if you've resided in the property for two out of five previous years—allowing up to a $500,000 tax exemption for spouses or $250,000 if unmarried. Upgrades can raise you

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