Emerald Coast Real Estate Guides & Market Insights
Emerald Coast Real Estate Guides & Market Insights
Expert guides for buying on the Emerald Coast — Panama City Beach, 30A, Destin, and the Forgotten Coast
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Showing 4 posts tagged #Taxes
Do I Owe Capital Gains Tax on My Vacation Rental or Investment Property in Florida?
Yes — the sale of a vacation rental or investment property in Florida is subject to federal capital gains tax, plus depreciation recapture. Here is how the tax is calculated and what strategies are available to reduce or defer it.
What Is the Primary Residence Capital Gains Exclusion?
The Section 121 exclusion allows homeowners to exclude up to $250,000 ($500,000 for married couples) of capital gain from the sale of their primary residence. Here is how it works, the requirements, and how it applies to Emerald Coast sellers.
How Does Capital Gains Tax Work When Selling Florida Real Estate?
Capital gains tax on the sale of Florida real estate is a federal tax — Florida has no state income tax. Here is how federal capital gains tax applies to the sale of a primary residence, vacation home, or investment property on the Emerald Coast.
What Are Documentary Stamp Taxes and Who Pays Them in Florida?
Florida imposes documentary stamp taxes on real estate deeds and mortgages — and the seller pays the tax on the deed. Here is how the tax is calculated, who pays what, and what sellers need to know before closing.
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