https://ttlc.intuit.com/community/taxes/discussion/sold-house/01/2791767#M1030166 <P>I sold my house this year for $225,000. At 81 I am now renting. Is it true that a sale under $250,000 is not taxed?</P> Tue, 10 Mar 2026 06:56:23 GMT PeggyPat 2026-03-10T06:56:23Z https://ttlc.intuit.com/community/taxes/discussion/sold-house/01/2791767#M1030166 <P>I sold my house this year for $225,000. At 81 I am now renting. Is it true that a sale under $250,000 is not taxed?</P> Tue, 10 Mar 2026 06:56:23 GMT https://ttlc.intuit.com/community/taxes/discussion/sold-house/01/2791767#M1030166 PeggyPat 2026-03-10T06:56:23Z https://ttlc.intuit.com/community/taxes/discussion/re-sold-house/01/2791968#M1030167 <P>As long as you lived in the house as your primary home for 2 of the last 5 years then yes, it would be tax free.&nbsp; The actual rule is that up to $250,000 in gain (per person, so can be up to $500,000 if married filing joint) on the sale of a primary home is tax free.&nbsp; You can't have sold another primary home in the last 2 years to get this exclusion.</P> <P>In your case, even if your basis (what you paid for the house) was $0 you are under the limit.</P> Wed, 16 Nov 2022 19:20:09 GMT https://ttlc.intuit.com/community/taxes/discussion/re-sold-house/01/2791968#M1030167 LJane29 2022-11-16T19:20:09Z