Listen & Learn:
1:30 – Rebecca intro’s Tara Krieg
2:30 – Rebecca intro’s Mark Brooks
5:45 – What is a primary residence exclusion
7:30 – Example of capital gains fees
11:05 – Tara’s golden nugget/take-away
13:10 – How does your tax filing status affect selling your home?
16:30 – Any exception to the 2 year rule?
19:15 – Strategy for avoiding capital gains
20:40 – Tara’s personal example
23:03 – Mark’s example of capital gains & rental properties
27:12 – Mark’s show notes
28:37 – Keep track of ALL home improvements
37:00 – Mark’s final takeaway
Mark Brooks – Enrolled Agent (EA) – Tax Consultant and Preparer at Johnson CPA Group
Mark has more than 14 years’ experience in the field of accounting and income taxation and planning. Previously, he was the Assistant Vice President (Regional Manager) in Information Services and Regional Vice President for two major financial institutions. Mark earned his Bachelor of Science in Business Administration with a major in Accounting and a Computer Science minor from the University of Arizona. Assisting clients in achieving their financial goals as they relate to income taxation and financial planning is what he enjoys in his position as an Enrolled Agent. He loves cooking outdoors, grilling and smoking meats in his free time, as well as spending quality time with family, and watching sports.
Phone: (480) 895-0882
Tara Krieg – Senior Loan Officer at AmeriFirst Financial
Licensed to provide mortgages and loan programs for homeowners and buyers within Arizona, she has over 12 years’ experience in all aspects of real estate finance, real estate investing, mortgage planning, and business planning. Her specialties include loan origination, credit education, mortgage related financial consulting and planning, and personal coaching of Junior Loan Officers.