Investors Owe $66K in TAX?! Bright Line Test Tricks ⎜ Ep. 1346
In this episode, we discuss the bright line test and 2 investors who would accidentally have to pay about $66k in tax.
This includes some of the more technical aspects of the bright line, including how the IRD treats subdivisions, flipping your family home and selling a holiday home.
Ultimately, this helps you better understand how much tax you might have to pay when buying and selling properties.
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