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Capital Gains and Losses - Taxes On Investment Property Sale (2019)

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- [Toby Mathis] If you buy a property

let's say $100000

and you sell that property after five years

and it sells for $150000,

will I be taxed on the $50000 of gain,

or will I get my $100000 dollars back

without paying taxes?

Do you want to play with this one?

- [Jeff Webb] Yeah, I mean lets look at the easiest scenario

that you bought $100000 worth of land.

You're speculating on the price going up.

- [Toby Mathis] Mmhmm

- [Jeff Webb] Five years later you're able to sell it

for $150000, you're going to be taxed a

capital gains rate since it was an investment on

the $50000.

- [Toby Mathis] Mmhmm

- [Jeff Webb] So we're talking the long-term capital gains

rates, which is either going to be 0, 15 or 20 percent.

- [Toby Mathis] Yeah


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