🔻 How to save $50K in taxes after 1 month! #shorts
Summary
This video explains the difference between short-term and long-term capital gains taxes in real estate. If a property is sold within 12 months of purchase, the profit is taxed at the same rate as W-2 income (short-term capital gains), which can be significantly higher than the tax rate for properties held for more than 12 months (long-term capital gains). Holding the property for just one additional month can result in a large tax savings.
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