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

When listing a home in Florida, you don't be subject to a state-level capital gains tax, maximizing your profits. You may want to think about the Internal Revenue Service’s main home exclusion if you've resided in the property for at least two of the past five years—permitting up to $500,000 exclusion for married couples or $250,000 for others.