Ok, I'm a bit confused. I'm not sure exactly what the verbage is, but I have been told by multiple accountants that when a home in Florida is homestead, and lived in for over 2 years, the first $250k is not taxable for an individual. Like I said, I dont know how that relates to a homestead rebate, which I understand is different. But either way, I'm 99.9999% sure that unless the profits are over $250k, their will not be capital gains on it.
