How to Avoid Capital Gains Tax on Real Estate sales in Maryland

Описание: If you are planning to sell your home or investment property you should be aware of Capital Gains tax in real estate. In this video we will go over how to AVOID capital gains taxes on real estate 4 ways! We’ll also discuss how real estate affects Maryland’s economy, how much Capital Gains Tax really is if you are selling a Maryland home, along with some examples on how you can be exempt from paying Capital Gains Tax on your real estate sale.

Here are the links mentioned in the video:

For more on using your IRA to invest in real estate: https://www.investopedia.com/articles...

What’s a self-directed IRA? https://www.investopedia.com/terms/s/...

More on tax gain harvesting: https://www.schwab.com/resource-cente...

Download my guide on 6 Staging Tips to Avoid if you want to sell your home fast: https://mailchi.mp/3501cc74aa35/lhb4a...


Kelly Wise is a full time REALTOR®/real estate agent affiliated with Coldwell Banker Realty in their Gambrills, MD office (1300 Main Chapel Way, Gambrills, MD 21054 | office number: 410-721-0103).

Thank you so much for watching and subscribing. I appreciate all of you that took the time to watch my video and comment. I feel the love and support and hope you found at least a nugget of helpful information. Feel free to reach out with any questions either in the comment section or directly.

If you would like to talk to me about living in Maryland you can email me at [email protected] or call me at 301-385-5979. If you'd prefer I contact you, fill out this “Contact Me” form: https://forms.gle/sDRjUy8ojKKNHGij7

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Website: https://www.homesbykellywise.com/sell/

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For additional information on Federal taxes, Maryland taxes, and deferring Capital Gains Tax check out these helpful links:

Further understanding of Capital Gains: https://www.investopedia.com/terms/c/...

Understanding the Tax Relief act of 1997: https://www.investopedia.com/terms/t/...

Maryland’s crushing tax burden: the facts: https://www.mdpolicy.org/policyblog/d...

Maryland’s economy: https://msa.maryland.gov/msa/mdmanual....

Maryland withholding requirements for non residents: https://www.marylandtaxes.gov/forms/c...


Chapters:
0:00 Four Ways to Avoid Cap Gains
0:23 Kelly’s CORE Intro
0:36 What’s Capital Assets
1:21 Who the heck is this lady?
1:31 First—Primary Residence
2:31 Second—Self Directed IRA
3:30 Third—1031 Exchange
4:19 Fourth—Tax Harvesting