Selling a Home — Capital Gains
“What do I owe in capital gains tax after selling a rental?”
The capital gains picture after selling a rental often depends on several moving parts, including how long the property was held, what the adjusted basis looks like after improvements and depreciation, and how much of the sale price is allocated to land, building, and selling costs. In many cases, rental property sales also involve depreciation recapture, which can change the tax result even when the overall gain seems straightforward. State tax treatment, prior use of the property, and whether any loss carryforwards exist can also affect the final outcome. 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.
“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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