KK the CPA
Region: US
Saturday 27 June 2026 19:56:10 GMT
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RCBear3 :
In what world does a $300,000 house go up to $800,000 in two years?😳
2026-06-29 00:52:45
1509
Lana B :
$250k exclusion if single
2026-06-28 00:51:15
1454
bewelltraveled_ :
Section 121 Exclusion isn’t a basis step up. It’s a tax exclusion. Step up in basis only happens upon the owner’s death. Then the value is adjusted from its initial cost basis to its current market value upon the owner's death.
2026-06-28 05:33:56
37
Herbs_Outdoors_Art :
Just tell me how to pull off taxation without representation
2026-08-10 18:03:00
191
JennaRrrrrrrr :
why am I so angry because I've lived in and sold 2 homes without knowing this?! why is this not the default tax application?
2026-07-24 17:31:58
369
Shawn :
This is exactly what I did. Sold it exactly at 2 years got my money and walked
2026-06-27 21:22:42
265
Radisha J. Melendozo :
You are a great teacher!
2026-06-28 01:04:58
533
Tina :
My landlord is doing this but she’s not living with us. She never updated her address so she still gets mail here and the utilities are in her name.
2026-08-03 10:05:25
25
MegN :
Ok, love this, but some quick googling said this tax provision can only be applied to certain assets inherited, not a general sale on an appreciated real estate asset. What am I missing?
2026-06-27 20:41:02
88
DillPickles :
You say that people do this every 2 years? Does that mean they keep switching primary residences? Isn’t that inconvenient?
2026-07-23 22:13:46
7
bonnie grace :
us humans really just be making up some imaginary bs, like wym we used to farm and hunt and now we live in the game of monopoly
2026-08-17 05:40:45
8
bakerdog :
plan on using this at the end of next year after renting my house out for 2 years. bought 680, selling for 875.
2026-06-27 23:44:10
19
Hank Childers :
I’m basing the cost of the house I’m selling in a week on how much I’ve actually paid over 29 years, including interest. I’m selling it for more than the original cost, but less than what I paid over those 29 years. I’m reporting it as a loss. If the IRS doesn’t like that, they can kiss my ass.
2026-08-12 00:30:43
7
@sometimesimpretty :
It’s 250k/person. If you’re single, it’s 250k
2026-07-25 04:03:41
13
Simone Comedian :
this is very helpful and valuable.. we ‘appreciate’ this content
2026-07-22 20:02:38
12
8sweetnsourcandy8 :
250 for single 500 for couple 🙄
2026-06-27 22:28:40
32
Kingg🌙✨❤️🔥 :
How tf imma buy a house I live in WEST PALM BEACH FLORIDA
2026-07-13 00:13:22
0
bewelltraveled_ :
How does Sect 121 change your cost basis, up to $800k from $300k? I thought Sect 121 was simply the exclusion of $250k/$500k capital gains.
2026-06-28 05:18:32
74
Adrianna Baca :
Thank you for sharing!! Love your videos
2026-07-02 23:02:25
19
RootedLiving :
Southwest Fl after Covid😳 we went from 300k to 950k in 3 yrs
2026-06-29 02:24:26
10
Meggie :
how are we supposed to "take this exclusion"?
2026-06-30 20:08:42
8
Nisha Davis :
What if the home decreased in value?
2026-07-19 21:36:18
43
kalynnarie :
isn’t this what resellers do?
2026-06-28 02:42:20
25
Genesis Adaris :
Kind of crazy that this doesn’t automatically apply, you have to know and apply
2026-06-28 21:10:55
6
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