If you’re like most people, saving money is seriously satisfying. One of the most common questions I get from clients is “How Do I Avoid Paying Taxes When I Sell My House?” I recently invited Linda Anderson, Esquire from Anderson Elder Law to join my ABCs of Senior Housing as a special guest speaker to share The Secrets of Section 121. She did just that and more, explaining the IRS exclusion of gain from the sale of your primary residence, as well as why you may not want to sell your primary home to a family member for $1, ways to avoid capital gains on a second home, what a surviving spouse should do to get the entire exemption, plus other valuable information. Spend 50 minutes watching the Brett Furman Group at RE/MAX Classic encore recording https://youtu.be/too8-27FYto that explains how to exclude from taxable income a gain of $250,000 to $500,000 in Federal taxes when you sell your home.
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