UNDERSTANDING CAPITAL GAINS TAXES IN FLORIDA

Understanding Capital Gains Taxes in Florida

When selling a home in FL, you don't be subject to state-imposed capital gains taxes, boosting your profits. You ought to think about the Internal Revenue Service’s main home exclusion if you've resided in the property for two out of five previous years—granting up to a $500,000 tax exemption for joint filers or $250,000 for single filers. Impr

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