Category

Real Estate

Type

Real Estate

2025 Limit

$250,000 (single) / $500,000 (MFJ) of gain excluded

2026 Limit

$250,000 (single) / $500,000 (MFJ) of gain excluded

IRC Reference

IRC § 121

Eligibility

Homeowners selling primary residence

Notes / Description

Must have owned AND used as primary residence for 2 of the last 5 years. Can be used once every 2 years. Depreciation recapture taxed at 25%.