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Selling Your House? Remember THIS Exclusion!
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In this video, we discuss the home sale tax exclusion. This exclusion is important if you're thinking of selling your house. You could owe capital gains tax if you sell a home that has appreciated in value, however there are exclusions available to those that qualify!
You can sell your primary residence and be exempt from capital gains taxes on the first $250,000 if you are single and $500,000 if married filing jointly.
Education & entertainment, not advice.
You can sell your primary residence and be exempt from capital gains taxes on the first $250,000 if you are single and $500,000 if married filing jointly.
Education & entertainment, not advice.