when you sell something at a profit, the irs generally requires you to pay capital gains tax. capital gains taxes can apply to various types of investments, including stocks, vehicles, and some real estate. however, you may qualify for a capital gains tax exemption. here are some key things you should know about capital gains taxes.
understanding the capital gains tax when selling your california home, including federal and state tax, step-up basis, and california withholding tax.
discover the michigan capital gains tax and its rates in 2025. learn about some tax planning strategies to reduce your capital gains taxes.
learn what to expect of capital gains tax in north carolina and ways you can reduce the amount of nc capital gains taxes you’ll pay from our experts.
capital gains taxes on real estate and property can be reduced or not assessed when you sell your home, up to certain tax limits, if you meet the requirements.
if you’re buying and selling assets, you probably know you have to pay capital gains taxes. but what is the capital gains tax?
capital gains tax is payable on the net gain from the sale of property. the gain is calculated by taking the sale price less the purchase price and all related costs incurred in the purchase and sale of the property.
discover expert strategies for minimizing georgia capital gains tax on real estate in georgia. our guide covers exemptions, 1031 exchanges, and investment tips for the georgia capital gains tax on the real estate market. elevate your financial planning for georgia capital gains tax on real estate.
most people are aware that there are steps you should consider to protect your assets from being liquidated to pay for long-term care. and to protect your
confused about taxes on selling a home in california? this guide breaks down capital gains, transfer taxes, and property taxes.
doesn’t it feel good to turn a healthy profit in a real estate transaction? selling your property can be a lucrative move, but capital gains taxes can
the taxpayer relief act of 1997 (tra97) significantly changed the tax treatment of housing capital gains in the united states. before 1997, homeowners were subject to capital gains taxation when they sold their houses unless they purchased ...
topic no. 701 sale of your home
irs tax topic on capital gains tax rates, and additional information on capital gains and losses.
here’s how the capital gains tax on a home sale works, and how you can keep the most dollars in your pocket.
effectively manage the impact of capital gains taxes so you can potentially keep more of your investment returns.
having an effective tax strategy is critical to your success as a multifamily investor. otherwise, you could see a large portion of your profits consumed by an outsized tax bill.
learn how federal capital gains taxes impact your home sale in florida, and get tips on minimizing your taxes.
capital gains tax is levied by the irs on the sale of investments. here is how that tax works for the sale of real estate.
capital gains taxes | capital gains and losses in the district of columbia are treated the same as they are under federal law.
when you sell a stock, you owe taxes on your gain — the difference between what you paid for the stock and what you sold it for. the same...
if you’ve sold or are planning to sell property, you should understand it might impact your taxes. different rules apply to tax gains on a house sale or business property depending on the type of sale, the profit earned, and more. learn more about capital gains limits, sales vs. exchanges, and depreciation to better prepare for your tax liability.
receiving assets from a loved one can be incredibly overwhelming—emotionally and financially. these key considerations can help make the process easier.
find out what capital gains taxes are, how they're calculated, and the differences between short- and long-term gains for investors.
learn how capital gains tax applies to commercial real estate, how to calculate it, and how to reduce it through exemptions and deductions.
tax information regarding the sale of a residence for the state of new jersey division of taxation
if you sell a house you didn’t live in for at least two years or that isn't your primary residence, capital gains tax on real estate may apply.
get to know recent tax cut laws and how they could affect your real estate.
explore capital gains tax on real estate, including definitions, exemptions, and strategies to minimize your tax liability when selling property.
the 2021 washington state legislature passed essb 5096 (rcw 82.87) which creates a 7% tax on the sale or exchange of long-term capital assets such as stocks, bonds, business interests, or other investments and tangible assets.
api's capital gain tax calculator to calculate taxable gain and avoid paying taxes by taking advantage of irc section 1031. 1031 exchange benefits...
what are 5 ways to defer taxes on highly appreciated real estate? by stefan dunkelgrun, partner trusts & estates law practice recently, home prices have been increasing and many people believe now is the time to cash in on the value of their home. whether it’s downsizing and taking the difference or selling a second home […]
if you inherit a property and decide to sell it, you may owe capital gains taxes.
this real estate investor's guide by fnrp outlines & explains what capital gains taxes on commercial properties are.
sale of your principle residence
2025 real estate capital gains tax by state for each state in the us and d.c.. capital gains state tax rates displayed include federal max rate at 20%.
as a result of rising home values, americans are increasingly facing this tax when they sell their homes
selling your home can trigger capital gains taxes, but there are ways to reduce or eliminate your bill, experts say. here's what to know.
learn about delaware statutory trusts (dsts), opportunity zones and 1031 exchanges for real estate capital gains deferment.
a capital gain refers to the increase in a capital asset
what is a capital gains tax? it's the income tax you pay on gains from selling capital assets such as a home. here's what homeowners need to know.
in florida, we are lucky to have an incredibly low tax burden. in fact, florida comes in second as the state with the lowest taxes in the country. florida is well known for not having an estate or inheritance tax - and it also does not have an individual income tax. no state income taxes mean you won’t pay any taxes to the state on any profit you earn from selling your house in florida. however, you may still need to pay a federal capital gains tax, a transfer tax, and any outstanding property taxes for the year. the taxes you will owe will be based on the value of your home and the length of time you owned it. at eaton realty, we know that the decision to sell a house is a big one. we are committed to walking our clients through each step of the process, from the initial decision list to pricing to staging and marketing to closing. if you’re interested in selling your house in hillsborough county, reach out to our real estate team to learn more about our full-service brokerage. what taxes will you pay when selling your house in florida? florida is indeed an incredibly favorable state when it comes to taxes. if you live in the sunshine state, you won’t pay a state income tax. your loved ones also won’t pay any estate or inheritance taxes when you pass away. yet there are still taxes in florida - including those related to the sale of real estate. below, we break down the taxes you may have to pay when selling your home in west central florida. capital gains tax when you sell a house, the profit you realize is known as “capital gains.” capital gains are any profits you make when selling an asset - such as a piece of real estate or a stock. they are considered income and may be taxable at the federal level. because florida doesn’t have income taxes, you won’t pay a capital gains tax on the sale of your home here. the amount of capital gains taxes you pay depends on multiple factors, including your income and the length of time that you have owned the house. if you sell your primary residence, you may also benefit from an exemption. first, the irs classifies capital gains as short-term or long-term based on how long you own it before selling it. if you own a piece of property for a year or less, it is a short-term capital gain taxed as ordinary income. if you owned the property for at least a year before selling, it will be taxed as a long-term capital gain - at a much lower percentage rate. the tax rate for long-term capital gains varies based on income and filing status. the current rates for 2025 are listed in the table below. filing single income tax rate $0 to $48,350 0% $48,351 to $533,400 15% $533,401 or higher 20% married filing jointly income tax rate $0 to $96,700 0% $96,701 to $600,050 15% $600,051 or higher 20% for most people, this tax rate is much more favorable than the rate at which their ordinary income is taxed. that being said, it can still take a chunk out of your profits. fortunately, there is an exclusion for homeowners who are selling their primary residence. if you are selling your family home, you can exclude up to $250,000 of profits for single filers and $500,000 of profits for married filers. to qualify for this exclusion, the following must be true: the house must be your primary residence; you must have owned the home for at least 2 out of the past 5 years; you must have lived in the house for at least 2 years (cumulatively) out of the last 5 years (this time does not have to be consecutive as long as it adds up to 2 years); you didn’t acquire the home through a like-kind exchange (swapping one property for another); you haven’t taken the exclusion on another home within the past 2 years; and you aren’t living abroad and are not subject to the expatriate tax. for example, consider a situation where you bought a house in tampa for $250,000 in 2017. you have lived in this home as your primary residence since you purchased it. in 2024, you sold the house for $500,000. in this situation, the $250,000 in long-term capital gains would be covered by the exclusion - so you wouldn’t pay any income taxes on the sale of your home. because your house is an investment, you might be able to effectively deduct improvements to the house out of your profits in order to avoid paying capital gains taxes. consider a situation where you put $100,000 in renovations into your $450,000 house and sold it for $1,000,000. you may still qualify for the capital gains exemption if you documented those $100,000 improvements on your taxes. of course, any issue involving the internal revenue service (irs) can be complicated. if you have any questions about your federal tax liability, you should always consult with a tax professional. transfer tax when you sell a piece of property in the state of florida, it will be subject to a documentary stamp tax - also known as a transfer tax. the seller typically pays this tax which is calculated based on the sales price. depending on the market, splitting the transfer tax with the buyer may be possible- or even having them pay it entirely. in florida, the documentary stamp tax rate is 70 cents per $100 (other than miami-dade county, where the rate is 60 cents per $100). in the example above, if you sold your tampa house for $500,000, the transfer tax would be $3,500. this tax essentially covers the governmental functions associated with real estate. specifically, the tax pays for all the legal necessities of transferring the title to another owner, like recording the deed. property taxes the final tax you may have to pay is any property taxes for the year you have not yet paid. generally, you are responsible for property taxes for any portion of a year in which you live in the house. if you haven’t yet paid property taxes for the year when you sell your house, then you will owe a prorated amount based on your current property tax assessment. if you already paid property taxes, then you may get a refund. of course, property taxes are something that you will owe regardless of whether or not you sell your house in a given year. but many people may not realize they will have to pay their share of the year’s property taxes when they sell their house - which can be an unwelcome surprise. sell your house with eaton realty no one wants to pay taxes - especially when they are looking forward to enjoying a profitable sale on a piece of real estate. unfortunately, taxes are a reality of life - even in florida. depending on your unique situation, you may owe some federal and state taxes on the sale of your house, which is something you should account for when pricing your home. at eaton realty, we help buyers and sellers navigate the often-tricking waters of real estate transactions in the greater tampa area. if you’re looking to list your house and want to get top dollar for it, we can help. to learn more about our real estate services, fill out our online contact form or give us a call at 813-672-8022 to talk to a team member. the information disclosed above does not constitute legal or financial advice. use this information at your discretion and consult a legal or financial professional for further guidance.
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capital gains taxes are one of the most important considerations when exiting a real estate investment. contact windes to maximize your profits when selling.
guide: how to avoid capital gains tax on real estate | anderson business advisors
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