Be AWARE of these taxes when selling your home and MAXIMIZE your profit!
Don't catch yourself in a scenario like this one! When selling your home you might be thinking about the big money you'll make and taxes might not even be something that crosses your mind. Did you know that up to 20% of your profit may go to taxes? Did you also know there are options to defer or have no taxes? Watch as I go over different options so you can come out on top and with a larger profit than you would've imagined!
!Disclaimer!: Be sure to always contact your CPA or financial professional to confirm what is right for you, however, these are the general guidelines that you can find on the IRS website. When in doubt, talk to your trusted advisor.