How Much Tax Will You Owe Selling a Rental? (Real Numbers Inside)

⭐ Join Rental Property Mastery, my community of rental investors on their way to financial freedom:  https://www.coachcarson.com/mastery 🎙️ 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 real-life case study of a rental he recently sold, and he shares the exact numbers and step-by-step 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 Later) ...   🎬 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: https://www.coachcarson.com/sellrenta... -------------------------- ⚒️ Get my FREE Real Estate Investor Toolkit: https://www.coachcarson.com/toolkit-YT 🖥️ Learn with Coach (Courses, Books & more): https://www.CoachCarson.com ✅ Subscribe for more videos about real estate investing: https://www.youtube.com/user/CoachCha... 👋 Connect with Me:   / coachchadcarson     / coachchadcarson     / coachchadcarson   💰 DealMachine – Software to help you buy more real estate deals: https://www.coachcarson.com/dealmachi... Credits: Bucket Icon: https://www.flaticon.com/authors/kira...