How Capital Gains Taxes May Affect You
How will selling your property affect your taxes? There are a lot of tax benefits to homeownership, but a major one is that you can write off some of the profits when you sell. If you’re single, you can net up to $250,000 completely tax-free, and that figure doubles if you’re married. That’s great for your primary residence, but how does this work for investment properties? To learn more about the capital gains tax, watch this short video.
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