EPISODE · Oct 23, 2024 · 11 MIN
Do You Have To Pay Tax if You Move Into Your Rental Property? Avoid Capital Gains
from The Residual Real Estate Agent Show · host Jose Luiz Morales
In today’s episode, we answer the big question: Do You Have To Pay Tax if You Move Into Your Rental Property? Avoiding capital gains taxes when converting a rental property into your primary residence is something many investors think about, but is it really that simple?I’m joined by Andrew Kefier, a CPA from CBIZ, to break down the IRS capital gains tax rules and how they apply when you move into a rental property. We’ll be discussing the Section 121 exclusion and the tax implications of converting your rental into a primary residence. Whether you’re looking to avoid capital gains tax or need clarity on real estate taxes, this episode is packed with real estate tax tips and strategies to help you make informed decisions.If you’re a real estate investor or homeowner, you don’t want to miss this deep dive into rental property taxes and the strategies you can use to minimize your tax burden.Be sure to like this episode and subscribe for more on real estate!Get in touch with Andrew ⤵️Email: [email protected]: (805) 988 - 3222
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What this episode covers
In today’s episode, we answer the big question: Do You Have To Pay Tax if You Move Into Your Rental Property? Avoiding capital gains taxes when converting a rental property into your primary residence is something many investors think about, but is it really that simple? I’m joined by Andrew Kefier, a CPA from CBIZ, to break down the IRS capital gains tax rules and how they apply when you move into a rental property. We’ll be discussing the Section 121 exclusion and the tax implications of c...
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Do You Have To Pay Tax if You Move Into Your Rental Property? Avoid Capital Gains
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