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

When listing a residence in Florida, you won’t be subject to state capital gains tax, maximizing your returns. You may want to evaluate the Internal Revenue Service’s principal residence exemption if you've resided in the property for two of the last five years—permitting up to a $500,000 tax exemption for joint filers or $250,000 for single