Here's a little golden nugget for those navigating the waters of selling property and staring down the barrel of capital gains taxes: consider tax loss harvesting. Ever dabbled in the stock market and found yourself with a few investments that didn't pan out as you hoped? Well, turning those lemons into lemonade might just be possible.

Think about selling those underperforming stocks to realize the losses. Now, before you run off to make those trades, remember, I'm not a financial advisor. This is just a friendly tip from one tax professional to another. But strategically realized capital losses can be a lifesaver, offsetting both your capital gains and that sticky issue of depreciation recapture.

Depreciation recapture might sound fancy, but it's essentially just another form of capital gain. So, those capital losses you've harvested? They can help you out here too. If this sounds like a strategy that could work for you, let's chat more. Slide into my DMs and let's ensure you're making the most out of your tax situation. Don't let those capital gains or recapture taxes catch you off guard!

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