Selling a Home — Capital Gains
“Do I qualify for the home sale tax exclusion?”
Whether a home sale qualifies for the exclusion often depends on a few facts, including how long the property was owned and used as a main home, whether the sale follows a period of primary residence use, and whether any prior exclusion was claimed recently. The treatment can also vary if the home was used partly for rental or business purposes, or if a change in marital status or ownership history affects the return. Records showing occupancy, purchase and sale details, and any improvements can help clarify the analysis. 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 get the home sale exclusion on my taxes?”
“Do I qualify for capital gains exclusion on my home sale?”
“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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