Would you walk away from $500,000 just because you didn’t know the rule?
Most people do. It’s called the home sale exclusion and it’s one of the most powerful tax breaks available. You don’t need to be a real estate professional to use it.
If you’ve lived in your primary home for at least two of the last five years, you can exclude up to $250,000 in gains if you’re single or $500,000 if you’re married filing jointly.
I’ve seen people miss out on this by selling just two months too early. That’s what happens when you invest without understanding the rules.
Wealth is built by knowing where the tax advantages are and structuring your life to use them.
Want more tools like this? Join us at Limitless Expo
Comment #Limitless for a discount code
#TaxSmartInvesting
#RealEstateWealth
#LimitlessStrategies
source
