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How to Avoid Capital Gains Tax on Real Estate Sales

You can avoid paying capital gains on the sale of property if you lived in the house or it was your primary residence for at least 2 of the past 5 years and the profit from the sale was less than $250,000 for single people or $500,000 for married people. If you lived in the house less than 2 years or your are selling an investment property you will likely have to pay capital gains taxes. however, you don't pay capital gains on the total sales price... just on the profit less expenses. You can also defer any capital gains taxes on investment properties by using a tax deferred 1031 Exchange. I get music for my videos here - https://www.epidemicsound.com/referra... Search all houses for sale in Jacksonville Fl and the Beaches- https://www.MikeAndCindyJones.com Subscribe to our YouTube channel - https://www.youtube.com/user/thereale... We're on Facebook -   / jacksonvillerealestate   Instagram -   / mikejonesjaxfl   Mike & Cindy Jones, Jacksonville Real Estate Agents, Berkshire Hathaway HomeServices Florida Network Realty 3627 St Johns Avenue Jacksonville, FL 32205 call or text - 904 874-0422 https://mike-cindy-jones-real-estate-...