Selling a 2nd Home? Here’s how to possibly avoid the Capital Gains Tax

Selling a second home can come with an unexpected tax burden & it doesn't matter if it's an inherited cabin, a luxury vacation retreat, or modest rental property. 

The IRS treats the sale of these properties as a taxable event—without the preferential treatment of selling a primary residence.

This means you could end up owing up to 20% (and in rare cases, 25%) in taxes on the profits you make on these sales.

Here are 3 possible ways to reduce, or possibly even eliminate the tax owing: 

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