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How To Avoid Capital Gains Tax On Real Estate

Most people expect to pay capital gains tax when selling their home. However, there is a way to avoid capital gains tax on real estate if you meet the right qualifications. First, the house needs to be your primary residence. Second, you need to live in the property for at least two years. Third, you need to sell the property before five years. If done correctly, you can avoid paying any capital gains tax under $250,000. --------------------------------------------------------------------------------------------------------------------------- While all attempts are made to present correct information, it may not be appropriate for your specific circumstances and information may become outdated. Marc Terribilini is not a financial advisor and does not provide tax, legal or accounting advice. This video, and the ideas presented in it, are for entertainment purposes only and should not be construed as financial advice. Please consult with a certified professional before making any financial decisions.