Selling Your Stuff and the Wicked Capital Gains Tax

Wealth, Yoga, Wine

Selling your Stuff and the Wicked Capital Gains Tax. Remember when George Carlin did a skit on STUFF? His one line about how we all have houses for our STUFF. Then… we need to buy a bigger house to move all our stuff to because we out grew the first house..

That transaction of selling the first house will trigger a capital gain tax. And it can be wicked. At Our Age… we are downsizing and selling our stuff: Our primary residence, vacation rentals, rental properties. Possibly renting now or moving into a condo with no maintenance.

I am experiencing the shock, actually, of realizing a huge Capital Gain Tax from owning rental properties and an inn for twenty two years in new York. I am sharing the journey with folks as I believe a lot of folks do not prepare for this large taxable event.

My personal advice is to know this : you can only deduct the last three years of improvements before the sale. Therefore keep really good records of any improvements and other deductions that will lessen the Capital Gains Tax. I am now working with a TAX EXPERT ( Sheree White) because the accountants did not know how to work with Capital Gains Tax. She is also an IRS enrolled agent which makes her qualified to manage the issues. Moreover.. SHE TALKS TO THE IRS so you don’t have to be on the phone with them for hours. Tax Expert Sheree White and Her Super Powers: SHE Helps people with the IRS

This is our 15 minute interview: bit.ly/4efkq23

Here’s some brevity for George Carlin’s comedic routine STUFF

https://youtube.com/clip/UgkxtSvUsjRFXzBPBsdhQ4uvPMmOxeU5Tztq?si=FJwtLE4xi9XzGtB2

All her contact and credentials :

Sheree L. White EA

Business Services 4 U LLC

Tax Preparation, Tax Planning, and Tax Issue Resolution

We Talk To The IRS So You Don't Have To

Wealth, Yoga, Wine DIY Self-Help @valeriehail4425. WATCH FULL VIDEO https://youtu.be/QGsue5Pm4A4?si=WqligJql9lm60Qwm

Phone/Fax/Text: 561-376-2564

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K Yoga feel your abundance- this is a cool yoga class for ABUNDANCE.. you must have an orange!!

https://youtu.be/jRegtSKAZDI?si=mbASBNtFRB8fLBO0

WINE

GLENELLY

Congratulations to a ninety nine years of age chatelaine for writing “My Journey with Wine” by May de Lencquesaing My Journey with Wine tells the exceptional story of a woman whose destiny was to lead her from a life in a chateau to a garrison in the Midwest, from Bordeaux to Beijing, from the wine estates of Médoc to the Cape vineyards of South Africa. May-Eliane de Lencquesaing, now 99, comes from an ancient line of Bordeaux wine-growers and brokers and an Anglo-Spanish family from the Philippines.

Glenelly Estate. https://mailchi.mp/glenelly/ros-de-may-14170040?e=3341734e7a

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MY FAVORITE THINGS

My online Fear of Public speaking Course

Sample class and book a class here

Get Rid of Enemy Words, those dreaded FILLER WORDS

https://bit.ly/3ZB2muG

https://calendly.com/vahail1956/30min

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