Category: Tax Planning

How to Avoid Paying Capital Gains Tax (Legally)

First, let’s review short-term vs long-term capital gains, then I’ll discuss how to sell appreciated assets without paying federal income tax. Please note that Capital Advantage is neither an attorney nor an accountant, and no portion of this article content should be interpreted as legal, accounting or tax advice. Short-term vs long-term capital gains When […]

Proposition 19: A Win for Retirees in California

Without getting into the weeds of Prop 19, here are 3 main takeaways: 1. The biggest winners are California homeowners aged 55 and older. Qualified homeowners may now move anywhere in California and transfer their current tax basis (taxable value of their primary residence) regardless of the value of the new primary residence—even if the […]