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

When listing a property in the Sunshine State, you won’t be subject to state-imposed capital gains taxes, boosting your profits. You ought to consider the Internal Revenue Service’s main home exclusion if you've lived there for two of the last five years—allowing up to $500,000 in exempted gains for joint filers or $250,000 for single filers.