In this episode, we dive deep into:The differences between short-term and long-term capital gains across various assetsCommon misunderstandings about tax exemptions for personal and rental propertiesGuidelines on carrying forward losses to offset future gains during tax filingsThe methodology for calculating capital gains upon selling a home, the nuances of personal vs. rental properties, and the impacts of depreciation recapture"Understanding capital gains tax is crucial for making informed financial decisions and optimizing your tax outcomes." – Jeff HockettConnect with Jeff:Website: https://www.hocketttax.com/Email: [email protected] Twitter: https://twitter.com/taxgamecoachFacebook:  https://www.facebook.com/hocketttaxandpayrollYouTube: https://www.youtube.com/channel/UCO30L8kMHVodK8eutw1alQg/videos?view=0 LinkedIn: www.linkedin.com/in/hocketttaxInstagram:  https://www.instagram.com/hocketttax/

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