ilmscore | Capital Gains on Selling a House Explained - How to Avoid Taxes

Capital Gains on Selling a House Explained - How to Avoid Taxes

Published: 2019-02-05
Status: Available | Analyzed

Predictions from this Video

Total: 4
Correct: 0
Incorrect: 0
Pending: 4
Unrated: 0
Prediction
Topic
Status
Profits from home flips will be taxed at ordinary income rates and subject to self-employment tax, not capital gains rates.
"it's taxed at regular ordinary income rates and it's subject to self-employment tax as well"
Home flips
Pending
Home flip profits will be reported as ordinary income on Schedule C, not as capital gains on Schedule D.
"it's not going to go on the the Schedule D it's not going to be a capital gain it's gonna be regular ordinary income on the Schedule C"
Home flips
Pending
A flipped home is considered inventory for a business, not an investment, when conducting a flip transaction.
"the house is like your inventory so it's a business it's not an investment"
Home flips
Pending
Depreciation recapture from rental properties is taxed at a 25% rate.
"depreciation recapture and that's taxed at 25 percent"
Depreciation Recapture
Pending