How To Reduce Taxes When Selling A Second Home or Rental Property | Ep #69

Описание: ✅#SellingASecondHome✅#SellingARentalProperty✅#1031exchange
📚 Get Bruce’s Book: Moving To Tax-Free (on Amazon) https://amzn.to/4msRo2k
Selling a second home or rental property? 🏡 In this episode of 🛡️Protecting & Preserving Wealth, we dive deep into the financial and tax implications of real estate sales beyond primary residences. Learn how to minimize taxes, leverage IRS rules, and use strategies like 1031 exchanges and Delaware Statutory Trusts (DSTs) to preserve wealth.

Whether you own a vacation home, investment property, or rental portfolio, this episode will help you avoid costly tax mistakes and build a stronger financial future.

⏱️ Chapters & What You'll Learn
00:00 – Introduction
Welcome and overview of today’s topic: selling second homes and rental properties.
00:32 – Defining Second Homes
IRS rules for primary vs. secondary residences and why it matters for taxes.
01:58 – Tax Treatment of Second Homes
Section 121 exclusion, cost basis, and capital gains rules.
04:06 – Capital Gains Planning
Long-term vs. short-term gains, tax brackets, and strategies like installment sales.
09:05 – Common Misconceptions
Why 1031 exchanges don’t apply to second homes and key tax law updates.
09:52 – Rental Property Ownership & Tax Benefits
LLCs, trusts, liability coverage, depreciation, and recapture explained.
15:00 – Advanced Strategies & IRS Enforcement
1031 exchanges, step-up in basis, Delaware Statutory Trusts, and IRS verification methods.

🔗 Additional Resources & Links
• ✳️✳️✳️Free Guide: Moving to a Tax-Free Retirement – 8 Steps You Can Take For Success! https://bit.ly/moving-to-tax-free-in-...
⏮️Previous Episode - Considerations When Selling Real Estate - Selling Your Primary Residence | Ep #68:    • Considerations When Selling Real Estate - ...  
👉In our next episode (Ep #70), we’ll explore Ed Slott IRA and Tax Updates for 2025.    • Investment Themes in 2025 | Ep #70  

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Disclosure: Investment advisory services are offered through Mutual Advisors, LLC DBA Hosler Wealth Management, a SEC registered investment adviser. Securities are offered through Mutual Securities, Inc., member FINRA/SIPC. Mutual Advisors, LLC and Mutual Securities, Inc. (collectively “Mutual Group”) are affiliated companies. Forward-looking commentary should not be misconstrued as investment or financial advice. The advisor associated with this podcast is not monitored for comments and any comments should be given directly to the office at the contact information specified.
Any tax advice contained in this communication, including any attachments, is not intended or written to be used and cannot be used for the purpose of 1) avoiding federal or state tax penalties, 2) promoting marketing or recommending to another party any transaction or matter addressed herein, and 3) Tax preparation and accounting services are offered independently through Hosler Wealth Management Tax Services. Any tax advice provided by tax professionals under Hosler Wealth Management Tax Services is separate and unrelated to any advisory or security services offered through Mutual Group. The accuracy, completeness, and timeliness of the information contained in this podcast cannot be guaranteed. Mutual Group does not provide legal or tax advice. You should consult a legal or tax professional regarding your individual situation. Accordingly, Hosler Wealth Management does not warranty, guarantee or make any representations or assume any liability with regard to financial results based on the use of the information in this podcast.
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