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If I divide my Fl Homesteaded property and sell to 2 different parties do I have to pay capital gains tax?

Fort White, FL |

If I devide my Fl Homesteaded property do I have to pay capital gains tax?

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Filed under: Real estate Tax law
Attorney answers 1

Posted

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.

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