🤔 Where else can you make $250,000 tax free? #taxfree #section121 #realestate #generationalwealth

122.6K viewsover 3 years ago0m 59sScore: 80

Sean Pan

Pricing & Profitability
beginner
Tax Strategy
Profitability
Expenses
Bookkeeping
First Listing

Summary

This video highlights the benefit of homeownership over renting, specifically focusing on building equity and leveraging the Section 121 exclusion to avoid paying taxes on up to $250,000 in capital gains when selling a primary residence, provided the owner has lived in the property for at least 2 out of the last 5 years.