Home is one of the fastest tracks to financial success.
Much of your success comes down to purchasing at the right price in the market. Hence why a good real estate agent advice from an agent such as myself can make a world of difference when it comes to your success. This success is realized when you go to sell your home.
Another reason owning real estate is so powerful when it comes to financial success is the tax benefits. The government really works hard to keep the American dream of home ownership alive. They provide tax ride-offs when selling your home that may exclude you complete from paying taxes on the earnings!
It all get’s a little complicated though so I brought in a tax consultant to explain more…
Introducing Cooper McGeorge, Tax consultant & Owner of McGeorge Accounting Services
In the following podcast Cooper explains how your primary residence can qualify you for one of the biggest tax ride offs available. He also gets into how you can trade up on investment homes before paying taxes doing a 1039 exchange. If you are considering selling your home or investment property then you are sure to love what he has to say!
- Determining which tax ride-offs your real estate qualifies for
- Figuring out your realized capital gain
- Claiming your tax exclusion for your primary residence
- Postponing gains on investment property
- And more
Right click save as to download the podcast to your computer
Got tax or accounting questions?
Tax law is exceptionally complex. You will certainly have more questions for Cooper when you are done. Grab a pen and paper while you listen to the podcast and write down any questions you have. Drop him a line after the podcast at cjmcgeorge@gmail.com or call him at 520-610-2454 and make sure to tell him I (matthew) said hi!
Want to know more about Cooper McGeorge?
Cooper and his wife graduated from the University of Arizona back in 2008. They have a growing tax practice with an offices in Tucson, Arizona. They recently added a new office up in Phoenix and work between the two. Cooper has advised me on my taxes ever since I became a business owner back in 2010. He is an exceptional accountant and what sets him apart from the rest is his level of service. He’s quick to answer questions and excellent at explaining the intricacies of tax law.