Misunderstood Tax Laws With Selling a House

<p>An often misunderstood tax rule is also one that is extremely important and relevant to the average person: the tax exemption for selling your house. Is the entire sale price taxable? What if you sell a house you inherited? What does a primary or principal residence actually mean? CPA Ryan Fair joins us back on the Wise Money Show to discuss these often misunderstood rules.</p> <p>Season 7 Episode 7</p> Have a question for the show? Call or text 574-222-2000 or leave a comment! Want to speak with a Certified Financial Planner™? Visit <a href='http://www.korhorn.com/'>www.korhorn.com</a> or call 574-247-5898.   Find more information about the Wise Money Show™ at <a href='http://www.wisemoneyshow.com/'>www.wisemoneyshow.com</a>  Be sure to stay up to date by following us!  Facebook - <a href='https://www.facebook.com/WiseMoneyShow'>https://www.facebook.com/WiseMoneyShow</a>  Twitter - <a href='https://twitter.com/WiseMoneyShow'>https://twitter.com/WiseMoneyShow</a>  Instagram - <a href='https://www.instagram.com/wisemoneyshow/'>https://www.instagram.com/wisemoneyshow/</a>  Want more Wise Money™?  Read our blog! <a href='https://www.korhorn.com/wise-money-blog'>https://www.korhorn.com/wise-money-blog</a>  Watch the guys in the studio: <a href='https://youtu.be/0-6esLAdzAE'>https://youtu.be/0-6esLAdzAE</a>  Subscribe on YouTube: <a href='http://www.youtube.com/c/WiseMoneyShow'>http://www.youtube.com/c/WiseMoneyShow</a> Kevin Korhorn, CFP® offers securities through Silver Oak Securities, Inc., Member FINRA/SIPC.  Kevin offers advisory services through KFG Wealth Management, LLC dba Korhorn Financial Group. KFG Wealth Management, LLC dba Korhorn Financial Group and Silver Oak Securities, Inc. are not affiliated. Mike Bernard, CFP® and Joshua Gregory, CFP® offer advisory services through KFG Wealth Management, LLC dba Korhorn Financial Group. This information is for general financial education and is not intended to provide specific investment advice or recommendations. All investing and investment strategie