Скачать или смотреть How Can You Exclude 500k From The Gain Of Your House Sale

Selling your home and worrying the IRS will take a big bite out of your profit.

Here is the simple rule:
There is a tax break called the Section 121 home sale exclusion
 It can help you skip tax on part of the money you make when you sell your main home

How it works
 • You must own the home and live in it as your main home for at least two years in the last five years
 • If you are married and file together, you can protect up to 500,000 of profit
 • If you are single, you can protect up to 250,000 of profit

This rule is for your own home, not for regular rental or flip properties
 You can move into a former rental and live there long enough to meet the two year rule, but the IRS can still tax the part that came from rental write offs in the past

Thinking about selling your home or turning a rental into your main home
Send me a message and I will walk you through how this rule might work for you before you sell Like and follow for more easy to understand tax tips for real people

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