Understand Capital Gains

In this episode, we dive deep into:

The differences between short-term and long-term capital gains across various assets
Common misunderstandings about tax exemptions for personal and rental properties
Guidelines on carrying forward losses to offset future gains during tax filings
The methodology for calculating capital gains upon selling a home, the nuances of personal vs. rental properties, and the impacts of depreciation recapture

"Understanding capital gains tax is crucial for making informed financial decisions and optimizing your tax outcomes." – Jeff Hockett

Connect with Jeff:

Website: https://www.hocketttax.com/

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