Ways to Avoid Capital Gains Tax

By Joe Metz

With more than 30 years of real estate experience, Joe helps seniors and their families navigate the difficult path of late-life housing transition. Joe is a licensed Real Estate Broker specializing in assisting senior homeowners. He takes a consultative approach in helping owners decide whether to keep their homes, list them on the open market, or sell them privately. Although Joe is a Realtor himself, he instead fulfills a unique niche by taking a consultative role in helping seniors with their transition. He partners with the best agents in your neighborhood while helping you with the planning, selling and post-sale process. He has resources for almost all of the homeowner’s needs including how to save on Capital Gains taxes, contractors, handymen, and how to pick the right retirement community.

When it comes to taxes, most people are well-acquainted with the usual suspects, like income taxes, sales taxes, and property taxes. However, there’s another significant tax that often flies under the radar: the capital gains tax. Unlike more common taxes, capital gains tax applies when selling a large asset such as a home, impacting the inheritance that beneficiaries receive. Capital gains taxes can significantly diminish the value of what is passed down, but with strategic planning and an understanding of the regulations, it’s possible to mitigate or even entirely avoid this tax burden.

Listen to our full explanation in the video above or skip to each section using the timestamps provided:

0:00 — Introduction

0:44 — Who are we

2:00 — How to avoid your capital gains taxes

2:53 — 1031 Exchange

4:50 — We take care of everything for you

5:20 — Wrapping up

Capital gains taxes are a reality that every investor must face. While they do have the potential to diminish your investment returns, they should never hinder you from investing. By working with a knowledgeable advisor, you can explore various methods to reduce the capital gains taxes you owe. If you are interested in learning more about housing options, you can check out this link or you can reach out by giving us a call or an email.