THE SUNSHINE STATE'S CAPITAL GAINS TAX: WHAT YOU NEED TO KNOW

When listing a residence in FL, you will not be subject to a state-level capital gains tax, maximizing your returns. You may want to evaluate the federal government’s main home exclusion if you've lived there for two of the last five years—allowing up to a $500,000 tax exemption for joint filers or $250,000 for others. Renovations can raise you