If you’re thinking about selling real estate, one thing that you need to keep in mind is the amount of capital gains taxes you’re going to pay on that sale.
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There’s a lot of money involved in selling property, and anytime money swaps hands, you can bet that Uncle Sam is coming for his piece of the pie.
Uncle Sam’s piece of the pie is called the Capital Gains Tax. And the capital gains tax on real estate works a lot differently than other forms of taxes.
So today we’re going to take a close look at the Capital Gains Tax on Real Estate and also give you 2 strategies to avoid this tax altogether.
Outline:
Intro: 0:00
What is the Capital Gains Tax?: (1:22)
Two Types of Capital Gains Taxes: (2:26)
How to Avoid Capital Gains Taxes on RE Sales: (4:30)
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Disclaimer: The information provided in this video is for entertainment purposes only and is not meant to take the place of professional legal, accounting, or financial advice. If you have any legal questions about this video or the subjects discussed, or any other legal matter, you should consult with an attorney or tax professional in your jurisdiction (i.e. where you live).
