Personal Finance

Selling a Home? Avoid Capital Gains Tax on Real Estate

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Selling your home is an exciting time, but once tax season rolls around, you could be taxed for the capital gains on your sale. There are some exceptions, and it can get a little confusing, so let’s clear up what capital gains taxes are, and how you can avoid them when selling your home. Suggested Articles: Capital Gains Tax on the Sale of a Home: How It Works, Who Pays How to Reduce Capital Gains Tax Subscribe to NerdWallet - https://bit.ly/3wGvVf3 Disclaimer: This video is for informational and educational purposes only. NerdWallet does not offer advisory or brokerage services, nor does it recommend or advise investors to buy or sell particular stocks or securities. Any comments posted under NerdWallet's official account videos are not reviewed or endorsed by NerdWallet or representatives of financial institutions affiliated with the reviewed products unless explicitly stated otherwise. Avoid disclosing personal or sensitive information such as bank accounts or phone numbers. NerdWallet employees do not offer personalized financial advice and will not respond to posts here. Connect with NerdWallet: Follow NerdWallet on TikTok: https://tiktok.com/@nerdwallet Follow NerdWallet on Instagram: https://instagram.com/nerdwallet Follow NerdWallet on Twitter: https://twitter.com/NerdWallet Follow NerdWallet on Facebook: https://facebook.com/NerdWallet NerdWallet Website: https://nerdwallet.com Selling a Home? Avoid Capital Gains Tax on Real Estate | NerdWallet https://www.youtube.com/c/nerdwallet

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