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This is where you sign up for a basic course in Seller Financing.
You can AVOID CAPITAL GAINS by using Trusts and Installment Sales.
Capital Gains Tax is an important issue for houses over $600,000 in California. The tax is really HUGE if you have a property to sell over $1.5 million.
Read the following links:
Here is the IRS Link for
If you sold your main home and made a profit, you may be able to exclude that profit from your taxable income.
Here's how it works.
$250,000 Exclusion on the Sale of a Main Home
Individuals can exclude up to $250,000 in profit from the sale of a main home (or $500,000 for a married couple) as long as you have owned the home and lived in the home for a minimum of two years.
Those two years do not need to be consecutive.
In the 5 years prior to the sale of the house, you need to have lived in the house for at least 24 months in that 5-year period. In other words, the home must have been your principal residence.
FREE REPORT!
Sell your California Home at Top Price Using Seller Financing!
Avoid IRS Capital Gains Tax!
It could be worth 10's or even 100's of THOUSANDS of DOLLARS to you, your spouse, your kids, and your grand kids!
Just fill in your email!
