How My Kids Help Me AVOID Capital Gains Tax on Real Estate (100% Legal)

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This is EXACTLY how to avoid capital gains tax on real estate and save hundreds of thousands of dollars in taxes. What do you need to do it? Some children. Seriously, having your child or children on the title of your home could help you avoid taxes on your next home sale. How does it work, and why hasn’t anyone talked about this before? IRS Enrolled Agent Natalie Kolodij is here to explain.

Thanks to the section 121 exclusion, homeowners who have lived in their properties for two of the last five years DO NOT pay capital gains taxes on the profit up to $500K. But that $500K isn’t actually the cap. Instead, adding your kids to the title can help you boost this number even higher. That being said, there are some BIG caveats you’ll have to consider before making this tax-dodging move. Don’t worry; we’ll explain them all in this video.

00:00 Avoid Capital Gains!
02:00 Primary Residence Tax Loophole
03:25 Who Qualifies for This Tax Break?
04:27 Use Your Kids to Pay ZERO Taxes
08:04 Special Rules for Veterans
08:42 Can You Rent Your House?
11:38 Can You Rent Your House?
14:09 Connect with Natalie!

[gordonmcfarland]

This is new information for me. Thanks for bringing it to my attention Mindy and BP!