How to Legally Avoid Taxes 😧 #taxloophole #taxes

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How to Legally Avoid Taxes 😧 #taxloophole #taxes

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Fred Chilton

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1,695 Views • Feb 23, 2023 • Click to toggle off description

Section 121 of the Internal Revenue Code is a tax loophole that allows eligible homeowners to exclude up to $250,000 (or $500,000 for married couples) in capital gains from the sale of their primary residence. To qualify, the homeowner must have owned and used the property as their main residence for at least two out of the past five years before selling. This exclusion can be used once every two years, making it a valuable tax-saving strategy for homeowners looking to maximize their profits.

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Views : 1,695
Genre: Entertainment
License: Standard YouTube License
Uploaded At Feb 23, 2023 ^^

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Rating : 5 (0/81 LTDR)

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RYD date created : 2023-02-23T23:43:30.571475Z
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