Charleston · Selling

How much tax will I pay when I sell the house I have lived in for 30 years?

Thirty years of ownership usually means significant appreciation, so the tax you owe depends on how much of that gain exceeds the federal residency exclusion. That gain often exceeds the exclusion after this much time, which makes calculating it before listing worthwhile. A CPA can confirm the actual figure based on your purchase records and improvements.

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