WAYS TO MANAGE CAPITAL GAINS TAXES WHEN SELLING INVESTMENT PROPERTIES IN THE SUNSHINE STATE

When listing a residence in FL, you won’t be subject to a state-level capital gains tax, maximizing your profits. You may want to think about the Internal Revenue Service’s principal residence exemption if you've resided in the property for two of the last five years—allowing up to $500,000 exclusion for joint filers or $250,000 for others. I