How to Reduce Capital Gains Tax

If you own an asset that has grown in value, you likely will be subject to a considerable amount of capital gains tax when you sell it. In this episode, we're helping you know what strategies exist to help you reduce the capital gains that you would otherwise have to pay.

Season 9 Episode 48

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Kevin Korhorn, CFP® offers securities through Silver Oak Securities, Inc., Member FINRA/SIPC. Kevin offers advisory services through KFG Wealth Management, LLC dba Korhorn Financial Group. KFG Wealth Management, LLC dba Korhorn Financial Group and Silver Oak Securities, Inc. are not affiliated. Mike Bernard, CFP® and Joshua Gregory, CFP® offer advisory services through KFG Wealth Management, LLC dba Korhorn Financial Group. This information is for general financial education and is not intended to provide specific investment advice or recommendations. All investing and investment strategies involve risk, including the potential loss of principal. Asset allocation & diversification do not ensure a profit or prevent a loss in a declining market. Past performance is not a guarantee of future results.
Certified Financial Planner Board of Standards Center for Financial Planning, Inc. owns and licenses the certification marks CFP®, CERTIFIED FINANCIAL PLANNER™, and CFP® (with plaque design) in the United States to Certified Financial Planner Board of Standards, Inc., which authorizes individuals who successfully complete the organization’s initial and ongoing certification requirements to use the certification marks.

Intro: (0:00)
Segment 1: (0:11)
Break 1: (10:28)
Segment 2: (12:05)
Break 2: (22:23)
Segment 3: (24:32)
Break 3: (34:47)
Segment 4 (37:04)
Outro: (47:20)

[PorscheSpeedster-kznc]

Ok guys. Josh and Kevin should make shirts for the office with “Mike’s Messy Metaphors!!!”😂

[PorscheSpeedster-kznc]

I need to transition away from some of my Dividend paying stocks to prevent going over the threshold…😮😢

[HarryLim-houj]

I know that in California, if you plan on moving to your rental as your primary residence for 2 years, that you will need to calculate the percentage (number of years you lived there vs. rented) to determine how much you are allowed of the exemption. If you rented for a long time and only lived there 2 years, the percentage of the exemption (I.e 250k/ind or 500k for a couple) would be so small that it wouldn’t be worth moving back. This is what I recalled when I was considering this strategy