Capital Gains With Real Estate
- kshamardesai
- Jun 1
- 1 min read
Many Bay Area homeowners have built substantial equity through real estate appreciation. When it's time to sell, valuable tax advantages may help you keep more of your gains.
Homeowners may qualify for a capital gains exclusion of up to $500,000 for married couples filing jointly or $250,000 for single filers if they meet ownership and residency requirements. Additionally, California's Proposition 19 may allow eligible homeowners age 55 and older to transfer their property tax basis to a new home, helping reduce future property taxes.
For investors, a 1031 exchange can defer capital gains taxes when proceeds are reinvested into another qualifying investment property.
Because every situation is unique, consult a qualified tax professional before making any decisions.
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Phone: 650-741-8146
Email: kshamadesai@kw.com
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