A home sale may qualify for a federal gain exclusion, but the amount and eligibility depend on basis, use, ownership, prior sales, filing status and other conditions. Verify those facts before assuming no tax is due.
Selling
Capital gains tax on selling your home
The Section 121 exclusion, how your gain is actually calculated, and when you might owe tax.
By Lighthouse Companies, LLC · Updated · 2 min readLighthouse provides educational information, not a personal loan quote, lending decision, or legal or financial advice. Verify the figures against your documents and ask your lender, servicer, or a qualified professional about your circumstances.