Selling a Home — Capital Gains
“Do I get the home sale exclusion on my taxes?”
Whether the home sale exclusion applies often depends on how long the home was owned and used, whether it was the main residence, and whether any part of the property was used for rental or business purposes. The answer can also be affected by prior home sales, periods of absence, and any gain tied to improvements or depreciation. In many cases, the tax treatment is not as simple as the sale price alone, because the facts around occupancy and ownership matter. A review of the closing details and your use of the home usually helps determine how the gain is handled. Working through the specifics with a CPA is the cleanest way to land on the right move.
In your 30-minute session, the KGOB advisor handling it will:
- Read your exact situation and tell you, in plain English, what’s actually going on.
- Lay out your options and the trade-offs — no jargon, no judgment.
- Give you a clear next step you can act on, whether that’s with us or on your own.
“Am I eligible for the home sale tax exclusion?”
“Can my home sale be excluded from taxes?”
“Do I qualify for capital gains exclusion on my home sale?”
“Is my home sale eligible for the tax exclusion?”
“I sold my primary home for a massive profit after living in it for exactly three years, how do I formally claim the capital gains exclusion on my tax return?”
“I made hundreds of thousands of dollars in massive home improvements over the years, how do I add these costs to my basis to lower my capital gains tax?”
This page is a prompt to start a conversation, not tax or legal advice, and states no tax-law specifics as fact. A consult session does not by itself create an ongoing engagement. We do not promise specific outcomes or savings. Kohari Gonzalez Oneyear & Brown PLLC — Charlotte, NC.
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