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- How My Kids Help Me AVOID Capital Gains Tax on Real Estate (100% Legal)
How My Kids Help Me AVOID Capital Gains Tax on Real Estate (100% Legal)
Summary
This video explains how adding children to the title of your home could help avoid capital gains tax on a home sale. Through the section 121 exclusion, homeowners can avoid paying capital gains on profits up to $500K but adding children to the title of your home can help you boost this number even higher. It's advised to seek guidance from a real estate tax strategist to ensure this strategy works in your favor, as specific rules apply, including ownership and occupancy timeframes.
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