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NFP Exemption from Real Estate Taxation for Property Owned by Form

NFP Exemption from Real Estate Taxation for Property Owned by Form

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if you're thinking about selling your home and you're wondering to yourself what are the tax implications if I sell well you're in the right place in this video I'm going to cover what taxes you have to pay when selling your home but perhaps more importantly how you can avoid paying taxes on up to five hundred thousand dollars when you do decide to sell the math isn't as straightforward as you may be thinking so continue watching and I'll share my screen with you and I'll cover a few items some of those things are how to properly calculate the gain or perhaps even the loss you would have on your home something called section 121 which is the IRS code section that discusses excluding the gain from a sale of your residence so you don't have to pay income tax uh what if your gain is over the exclusion amount what to do then how much tax will you have to pay in that situation and what if for some reason you don't quali

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