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Episode 159 – When you sell a rental property, you might be surprised by how big your tax bill could be! This video (and the free spreadsheet included) will show you exactly how to figure out the taxes you owe on a rental property. Coach Carson uses a reallife case study of a rental he recently sold, and he shares the exact numbers and stepbystep process of his tax situation on this rental.

▶ Next Video: My First Rental Property (17 Years Later) How Much Cashflow I Actually Made    • My First Rental Property (17 Years La...  

Topics Covered:
0:50 Disclaimer
1:11 Property background
3:38 Depreciation
7:10 Adjusted cost basis
9:46 My Personal tax rates
12:21 Calculating taxes on a spreadsheet
17:54 What I actually paid in taxes
18:59 Depreciation recapture calculation
23:59 Capital gains calculation
25:39 Closing thoughts

FREE Spreadsheet from Video:
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