Selling Your Real Estate Rental Property -- Income Tax Implications
Discover How To Avoid Capital Gains Tax When Selling Real Estate in this provocative video by Toby Mathis founding partner of Anderson Business Advisors, attorney, and author of 'Tax-Wise Business Ownership'. *~ Claim Your FREE 45 min Strategy Session NOW! 👉https://aba.link/ssjw
You're about to learn insider tips on 'Selling Your Home Tax-FREE!'.
Find out what happens if you buy a house and convert it into a rental property that tanks. Do you get to write it off?
What about if you buy a house, live in it as your private residence, it tanks and then you convert it to a rental that you later sell. Would you be able to write that off your taxes?
Capital gains are what we're talking about when you sell an asset. For homes, there's an exclusion to the capital gains referred to as 121 exclusion.
What about home offices, where you did the home office deduction as a sole proprietor, that's also considered depreciation. Would you be able to recapture that?
You'll get step-by-step real-life examples from Toby Mathis on how the rich avoid taxes when selling their homes in this video.
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The information provided in this video should not be construed or relied on as legal advice for any specific fact or circumstance. Its content was prepared by Anderson Business Advisors with its main office at 3225 McLeod Drive Suite 100 Las Vegas, Nevada 89121. This video is designed for entertainment and information purposes only. Viewing this video does not create an attorney-client relationship with Anderson Business Advisors or any of its lawyers. You should not act or rely on any of the information contained herein without seeking professional legal advice.