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

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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.

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Starring: Ivory, Wilma
Duration: short
Views: 10,751
Submitted: 25d 8h ago
Category: Ask Wilma

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