Ways to Handle Capital Gains Tax When Selling Investment Properties in the Sunshine State
When offloading a property in FL, you will not encounter state capital gains tax, enhancing your profits. You ought to think about the IRS's primary residence exclusion if you've resided in the property for two out of five previous years—permitting up to $500,000 in exempted gains for spouses or $250,000 if unmarried. Upgrades can boost your home