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 is 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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