The Capital Gains Tax Explained

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HOT TOPIC ALERT! 🚨 Capital Gains TaxCapital Gains tax is tax you owe on the profit you make on the sale of an investment or an asset. That includes real estate! There are 3 primary ways that you can lessen, defer, or even eliminate the tax you owe on the sale of a home: 1. If it was your primary residence for two of the last five years, you are exempt from the first $250,000 of profit if you're filing single or $500,000 if you're filing jointly. 2. If the property is an investment property, you

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