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Money Girl

How to Avoid Capital Gains Taxes (Legally) on Your Home Sale

Money Girl

Macmillan Holdings, LLC

How To, Investing, Education, Entrepreneurship, Business

4.61.8K Ratings

🗓️ 26 April 2023

⏱️ 17 minutes

🧾️ Download transcript

Summary

Laura covers what to know about selling your home and the taxes you could owe. She explains a legit way to skip taxes or pay significantly less, called section 121 or capital gains tax exclusion.

Money Girl is hosted by Laura Adams. A transcript is available at Simplecast.

Have a money question? Send an email to money@quickanddirtytips.com or leave a voicemail at 302-365-0308.

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Transcript

Click on a timestamp to play from that location

0:00.0

If you want a home and are thinking about selling it, or wondering what taxes you'd owe

0:10.3

after a home sale, we'll cover everything you need to know in today's show.

0:14.3

Even better, I'll explain a legitimate way to skip taxes on a home sale so you pay nothing

0:20.8

or a whole lot less to the government.

0:23.4

It's called the Capital Gains Tax Exclusion or Section 121 Exclusion.

0:29.0

Hey friends and welcome back to Money Girl.

0:31.2

I appreciate you downloading the show.

0:33.4

My name is Laura Adams.

0:34.7

I'm an award-winning author who's been bringing you personal finance and small business tips

0:39.0

every week since 2008 with more than 40 million downloads.

0:43.5

I also work with select brands doing on-camera and writing work as a spokesperson, consultant

0:50.2

and consumer advocate.

0:51.9

So if your company is interested in collaborating for an upcoming PR campaign or ongoing marketing

0:58.9

please reach out.

0:59.8

I'd love to connect and learn more about you.

1:02.8

No matter what you want to learn about managing money, I probably have or will cover it on

1:08.3

Money Girl.

1:09.3

You'll hear me talk about a wide range of topics like building credit, dealing with debt,

1:14.8

investing for retirement, owning real estate, paying taxes, having the right insurance, money

1:20.0

management strategies and a lot more.

1:23.1

Today's episode is number 771, which means there's a massive archive of episodes to dig

1:30.5

into.

...

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