Do You Have To Pay Tax if You Move Into Your Rental Property? Avoid Capital Gains Artwork

The Residual Real Estate Agent Show

My name is Jose Luiz Morales. I am 33 year old real estate agent & investor from Ventura, CA. I have been in the Real Estate Industry for the past 10 years. CEO of The Morales Group. My team & I have sold 500 properties & over 300 million in sales. Currently have a 10 million dollar real estate portfolio. My parents taught me from an early age to be an entrepreneur & to make smart investments. Entrepreneur from the age of 9. Father of Jose Luiz Jr, I consider myself a Family Man. Real Estate & Business Mentor/Educator. The purpose of this podcast is to educate & inspire young entrepreneurs and business owners by discussing current topics related to Real Estate, Finance & Business.

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The Residual Real Estate Agent Show

Do You Have To Pay Tax if You Move Into Your Rental Property? Avoid Capital Gains

October 23, 2024 • Jose Luiz Morales

In today’s episode, we answer the big question: Do You Have To Pay Tax if You Move Into Your Rental Property? Avoiding capital gains taxes when converting a rental property into your primary residence is something many investors think about, but is it really that simple?

I’m joined by Andrew Kefier, a CPA from CBIZ, to break down the IRS capital gains tax rules and how they apply when you move into a rental property. We’ll be discussing the Section 121 exclusion and the tax implications of converting your rental into a primary residence. Whether you’re looking to avoid capital gains tax or need clarity on real estate taxes, this episode is packed with real estate tax tips and strategies to help you make informed decisions.

If you’re a real estate investor or homeowner, you don’t want to miss this deep dive into rental property taxes and the strategies you can use to minimize your tax burden.

Be sure to like this episode and subscribe for more on real estate!

Get in touch with Andrew ⤵️

Email: akeifer@cbiz.com
Phone: (805) 988 - 3222