What Kind of Taxes Hit When You Sell a House?

14/10/2025 21 min Episodio 34
What Kind of Taxes Hit When You Sell a House?

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Episode Synopsis

Selling your house? Don't get surprised by taxes! We break down federal capital gains, the $500k exclusion rule, and depreciation recapture for rentals. Crucially, we clarify Washington state taxes: the mandatory Real Estate Excise Tax (REET) on the sale price, and why the state’s capital gains tax explicitly exempts real property. Learn how to maximize deductions, track capital improvements, and when to call a pro for complex situations like 1031 exchanges or residence conversions.

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