FLORIDA'S CAPITAL GAINS TAXES: WHAT YOU NEED TO KNOW

When offloading a residence in the Sunshine State, you won’t encounter state capital gains tax, boosting your profits. You may want to consider the federal government’s primary residence exclusion if you've resided in the property for two out of five previous years—allowing up to $500,000 exclusion for joint filers or $250,000 if unmarried. I