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

When offloading a property in Florida, you don't face state-imposed capital gains taxes, enhancing your earnings. You should consider the IRS's primary residence exclusion if you've lived there for two out of five previous years—allowing up to $500,000 in exempted gains for spouses or $250,000 for others. Improvements can raise your real estateâ€