Do I qualify for the home sale exclusion in 2025?
Estimate taxable gain from a home sale for 2025 or 2026 by entering purchase price, improvements, selling costs, and years owned. The calculator applies IRS principal residence rules to see if the exclusion likely applies and estimates the gain that could remain taxable.
How this calculation works
- Calculates adjusted basis from purchase price and improvements.
- Estimates total gain after selling costs.
- Checks the 2-out-of-5-year residence test for eligibility.
- Applies the exclusion and estimates taxable gain.
Common mistakes and caveats
- Partial exclusions and special circumstances are not modeled.
- State capital gains rules can differ from federal rules.
- Confirm eligibility with IRS guidance for your situation.
FAQ
Does this include partial exclusions?
No. It assumes the full residency test; partial exclusions require special IRS rules.
TaxGuide Pro provides free state and federal tax calculators for individuals, freelancers, and small businesses.