Episode Description
In this episode, I’m breaking down a massive tax loophole that only service members and veterans can use to save thousands on home sales. I explain how the Section 121 exclusion works and the specific rule extension that allowed a friend of mine to pocket over $400k completely tax-free. If you own a home or plan to, this is exactly how you keep the IRS out of your pockets.
Timestamps
(00:00) - Intro
(01:25) - Understanding Capital Gains Tax rates
(03:51) - The standard Section 121 exclusion rule
(04:58) - The 10-year extension loophole for veterans
(05:54) - Real-life example: Saving $85k in taxes
(09:37) - Why this beats a 1031 exchange
(10:48) - How to learn more and build wealth
About the Show
On the Military Millionaire Podcast, I share real conversations with service members, veterans, and their families. Each week, we explore how to build wealth through personal finance, entrepreneurship, and real estate investing.
Resources & Links
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Download a free copy of my book: https://www.frommilitarytomillionaire.com/free-book
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Sign up for free webinar trainings: https://www.frommilitarytomillionaire.com/register
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Join our investor list: https://www.frommilitarytomillionaire.com/investors
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Apply for The War Room Mastermind: https://www.frommilitarytomillionaire.com/mastermind-application
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Get an intro to recommended VA agents/lenders: https://www.frommilitarytomillionaire.com/va-realtor
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Guide to raising capital: https://www.frommilitarytomillionaire.com/capital-raising-guide
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Facebook Group: https://www.facebook.com/groups/militarymillionaire
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YouTube Channel: https://www.youtube.com/@Frommilitarytomillionaire?sub_confirmation=1
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Instagram: https://www.instagram.com/frommilitarytomillionaire/
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LinkedIn: https://www.linkedin.com/in/david-pere/
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X (Twitter): https://x.com/militaryrei