September 26, 2022

Real Estate Capital Gains Taxes Explained

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By

Heather Lin

You've heard of real estate capital gains taxes, but what exactly are they? How do they affect the sale of your home? I'll tell you what capital gains taxes are, and how they apply to your property, particularly if you own real estate in the Bay Area. Check out the following links for further information on how capital gains taxes work:

Capital Gains and Losses Explainer from the IRShttps://www.irs.gov/taxtopics/tc409

California Capital Gains Tax Info https://smartasset.com/investing/california-capital-gains-tax

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