Today our financial advisors, Dustin Tibbitts & Eric Powell are covering numerous strategies to help you lower your taxes when selling your home. If you're thinking about selling your home or you are selling your home, keep these in mind to help you lower taxes a little when selling your primary residence!
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0:00 – 0:42 Intro
0:42 – 2:30 Capital gains tax on home sales
2:31 – 7:28 Strategies to lower taxes when selling your home
7:29 – 8:05 – Jokes
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Not clear on this. Is it $500k profit over what you originally bought it for?
Yes for married couples living in their primary residence for 24 months
What about doing a two-year installment sale to spread out the gains and take advantage of maybe lower taxable income in one or both years?
Also, you can add the realtor sale costs to your basis.
Thank you for your research. I find your videos are well done. RIght now I’m keeping an eye on Eledator
Oh, I love you guys, the best market analysis! Seriously, why not mention Eledator?
Thanks Boys you are always ” on the money”
Dustin’s house looked so great. He made a lot of improvements.