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

When selling a property in the Sunshine State, you don't be subject to state-imposed capital gains taxes, enhancing your profits. You should evaluate the IRS's main home exclusion if you've occupied the home for two out of five previous years—granting up to a $500,000 tax exemption for married couples or $250,000 if unmarried. Upgrades can raise