Sold Home
“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?”
A sale after converting a primary residence to rental use often raises several overlapping tax questions, including how long the home was used as a main residence, how the rental period affects the gain calculation, and whether any depreciation claimed during the rental years changes the taxable portion. In many cases, the answer depends on the timing of the move, the length of ownership and use, and how the property was reported while it was a rental. The details of the conversion and the eventual sale price usually matter as much as the original home use. A targeted review with a CPA can turn the uncertainty into a clear next step.
In your 60-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 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 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?”
“I am selling my home at a massive loss due to a terribly bad real estate market, can I deduct the loss on the sale of a primary residence from my taxes?”
“I lived in my house for less than two years before having to move for a new job, do I still qualify for a partial capital gains tax exclusion?”
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.
Back to the full library