Selling a Home — Capital Gains
“How much capital gains tax will I owe on my rental sale?”
The capital gains tax on a rental sale often depends on several moving parts, including your purchase price, improvements, depreciation taken over the years, and the final sale price. For rental property, the tax picture can also be affected by how long you owned the property, whether it was ever your personal residence, and whether any state tax applies in addition to federal tax. In many cases, the gain is not calculated from the sale price alone, since prior deductions and closing costs can change the result. A focused session can map this against your actual situation in plain English.
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 my home in Alabama and made about $25,000, will I owe capital gains tax?”
“I sold my home in Alabama and made about $50,000, will I owe capital gains tax?”
“I sold my home in Alabama and made about $75,000, will I owe capital gains tax?”
“I sold my home in Alabama and made about $100,000, will I owe capital gains tax?”
“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?”
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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