🤔 Where else can you make $250,000 tax free? #taxfree #section121 #realestate #generationalwealth
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.
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Curated by Learn STR by GoStudioM