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

When offloading a property in the Sunshine State, you will not face state capital gains tax, boosting your earnings. You may want to consider the Internal Revenue Service’s main home exclusion if you've lived there for two of the last five years—granting up to $500,000 in exempted gains for joint filers or $250,000 for others. Renovations can b