If I divide my Fl Homesteaded property and sell to 2 different parties do I have to pay capital gains tax?
Asked over 5 years ago - Fort White, FL
If I devide my Fl Homesteaded property do I have to pay capital gains tax?
Attorney answers (1)
If the property was your primary residence 2 out of the last 5 years, you can shelter up to $250,000 (or $500,000 if you are married) in capital gain.