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

When offloading a property in Florida, you won’t face state-imposed capital gains taxes, maximizing your earnings. You may want to think about the Internal Revenue Service’s principal residence exemption if you've resided in the property for two out of five previous years—granting up to $500,000 in exempted gains for joint filers or $250,000