Florida Capital Gains Calculator: Home Sale

Florida has no state capital gains tax. Federal capital gains tax may apply when you sell, but the IRS Section 121 primary residence exclusion lets most homeowners exclude up to $250,000 of gain (single) or $500,000 (married filing jointly) if they lived in the home for at least 2 of the last 5 years. This calculator estimates your taxable gain and illustrative federal tax — it is not tax advice.

Your taxable gain is your sale price minus your adjusted basis (what you paid plus capital improvements minus depreciation claimed). Gains above the Section 121 exclusion are taxed at 0%, 15%, or 20% depending on your income. Depreciation recapture on rental property is taxed at a maximum 25% rate. Florida adds $0 in state tax. All outputs are estimates only. Consult a licensed CPA or tax attorney before making tax decisions based on a home sale.

Estimate your federal capital gains tax when selling a Florida home. Florida has no state capital gains tax. Enter your purchase price, improvements, depreciation, and filing status to see your estimated gain, Section 121 exclusion, and illustrative federal tax. Not tax advice — consult a licensed CPA.

Reviewed by Camilo Palacio, Licensed Florida Real Estate Professional (FL License #3280644). About the reviewer

ESTIMATE ONLY. NOT TAX ADVICE. ESTIMATE_ONLY · NOT_TAX_ADVICE · NOT_LEGAL_ADVICE · PENDING_REAL_HUD_VALIDATION. Florida has no state capital gains tax. Federal estimates use a 15% long-term rate for illustrative purposes — your actual rate depends on your total income. Depreciation recapture estimated at 25%. Consult a licensed CPA or tax attorney before making any tax decisions.

Your numbers

Estimated sale priceOriginal purchase priceCapital improvements (roof, addition, HVAC upgrade, etc.)Depreciation claimed (rental property only — 0 if primary residence)Filing statusLived in as primary residence 2 of last 5 years (Section 121 exclusion)

Estimate

Gain calculation (est.)

Sale price$400,000

Adjusted basis (purchase + improvements − depreciation)− $220,000

Raw gain$180,000

Section 121 exclusion (est.)− $180,000

Taxable gain (est.)$0

Federal tax estimate

$0 estimated — full gain covered by exclusion (est.)

15% long-term rate used for illustration. Your rate may be 0%, 15%, or 20% depending on taxable income. Florida = $0 state tax. NIIT (3.8%) not included. Consult a licensed CPA.

Florida state tax

$0 — Florida has no state capital gains tax.

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