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SQUATTING
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  SHORT

NAVIGATING HOME SALE TAX PENALTIES: WILMA'S INSIGHTS ON PROFITS, PURCHASES AND PITFALLS OF SQUATTING

Ivory receives a question from a male subscriber regarding the tax penalty for selling a home before living in it for two years. Wilma explains that any profit from the sale is counted as income unless the individual purchases another house within a specific timeframe. She adds a humorous touch by calling the subscriber an "idiotic squatter" and questions the feasibility of their plan. Reverba chimes in, agreeing with Wilma's assessment that the subscriber is indeed a squatter.


     

Duration:   Short
Views: 10,752
Submitted: 25d 8h ago
Starring: Ivory, Wilma
Category: Ask Wilma

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