How Are Cash Out Refinances Taxed? [Tax Smart Daily 021]

Item: Hall CPA PLLC
Rating: 5
Author: Mike Dymski - Business Owner

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Tax Smart Video

Should you sell your rental property and take the tax hit, or should you keep it and keep the money coming in? In this video, Brandon provides an example of a rental property that demonstrates how cash-out refinances are taxed.

Listen in to learn:

How to compute the tax hit that you will get from selling your rental property
How cash-out refinances are taxed when you choose to hold your rental property

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★★★★★

Hall CPA PLLC, real estate CPAs and advisors, helped me save $37,818 on taxes by recommending and assisting with a cost segregation study. With strategic multifamily rehab and the $2,500 de minimus safe harbor plus cost segregation, taxes on my real estate have been non-existent for a few years (and that includes offsetting large capital gains from the sale of property).

Mike Dymski - Business Owner

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