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

When listing a property in Florida, you will not encounter state-imposed capital gains taxes, boosting your earnings. You may want to consider the federal government’s main home exclusion if you've resided in the property for at least two of the past five years—granting up to $500,000 exclusion for married couples or $250,000 if unmarried. Reno