GeorgeM777
Expert Alumni

Investors & landlords

Not sure we completely understand your question.  You are correct there is a capital gain exclusion on the sale of a home provided certain requirements are met.  Generally, you're not eligible for the exclusion if you excluded the gain from the sale of another home during the two-year period prior to the sale of your home.  What this means is that you can defer capital gains on the sale of a primary residence only once every two years.  

 

Let's assume you sold your home for a capital gain, and you don't qualify for the capital gain exclusion.  The capital gain tax on that sale could be 15% or 20% depending on your filing status and taxable income.  Below is the 2022 long-term capital gain rate tax table which will help you decide which capital gain tax rate applies to your sale.

 

 

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