HOW TO HANDLE CAPITAL GAINS TAX WHEN SELLING INVESTMENT PROPERTIES IN THE SUNSHINE STATE

When selling a property in the Sunshine State, you will not encounter state capital gains tax, boosting your returns. You ought to think about the IRS's main home exclusion if you've lived there for two of the last five years—permitting up to a $500,000 tax exemption for joint filers or $250,000 if unmarried. Upgrades can increase your real estat