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Understanding Capital Gains: Short-Term vs. Long-Term. 🏡 The holding period makes a huge difference. If you sell a property within a year of getting it, you are taxed at your standard rate. If you wait until after the one-year mark, you enter long-term capital gains territory, which is generally much better for your wallet. #RealEstateAdvice #Taxes #CapitalGains #HomeSelling #Inheritance #FinancialPlanning #PropertyValues #blackcpa #africanamericancpa #businessmanager #virtualcfo #taxbrackets #
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