Selling a Home — Capital Gains
“How much capital gains tax will I owe if I sold my home after 1 year?”
The amount of capital gains tax tied to a home sale after about one year often depends on several moving parts, including your original purchase price, selling costs, any improvements that affect basis, and whether the home was your primary residence or a rental or second home. The holding period can also matter because short-term and long-term treatment may differ, and the outcome can vary with your filing status and overall income. In many cases, the details of occupancy, ownership, and adjusted basis shape the final result more than the sale price alone. A targeted review with a CPA can turn the uncertainty into a clear next step.
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.
“I sold the house I lived in for a year; what taxes will I owe?”
“I sold a house I lived in for a year; how much capital gains tax do I owe?”
“I sold my house after living there 1 year; how much tax should I expect?”
“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 converted my primary residence into a rental property two years ago, do I still legally qualify for the tax-free home sale exclusion if I sell it now?”
“I inherited a house and sold it almost immediately, do I owe capital gains taxes on the full sale price or just the stepped-up basis value?”
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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