What Is Long Term Capital Gains Tax On Real Estate? - CountyOffice.org

What Is Long Term Capital Gains Tax On Real Estate? Understanding long-term capital gains tax on real estate is essential for anyone planning to sell property they have owned for more than a year. In this informative video, we will clarify how this tax works and what it means for your profits when selling a property. We will explain how to calculate your capital gain by subtracting the original purchase price from the sale price and how to adjust for certain expenses or improvements made to the property.

We will also discuss the tax rates that apply to long-term capital gains, which are generally lower than those for ordinary income, and how they vary based on your income level. Additionally, if you are selling your primary residence, we'll cover the primary residence exclusion, which can significantly reduce your capital gains tax liability. For those dealing with investment or commercial properties, we will outline strategies like the 1031 exchange that can help defer capital gains tax.

Join us for this informative discussion to enhance your understanding of long-term capital gains tax in real estate. Subscribe to our channel for more helpful resources on real estate and property matters.

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Видео What Is Long Term Capital Gains Tax On Real Estate? - CountyOffice.org канала County Office Property