Real Estate Tax Strategy Series | Chapter 1: Home Sale Exclusion (Section 121)

In this full Chapter 1 recap, we break down one of the most powerful tax advantages available to homeowners, Section 121: The Home Sale Exclusion. If you’ve owned and lived in your primary residence, you may be eligible to exclude up to $250,000 (single) or $500,000 (married) in capital gains when you sell, but the details matter. Understanding how to properly qualify, plan ahead, and structure your sale can make a significant difference in your net proceeds. In this video, we walk through the key principles covered across all parts of Chapter 1, including: ✔️ What Section 121 is and how it works ✔️ Qualification requirements (ownership & use tests) ✔️ Timing strategies and common mistakes to avoid ✔️ How to maximize your tax-free gain Whether you’re planning to sell soon or just want to better understand your options, this is foundational knowledge for protecting and building wealth through real estate. Coming next in Chapter 2: We’ll dive into strategies for converting a rental property into your primary residence — and how that can impact your tax outcome. If you have questions about your specific situation, feel free to reach out. I’m always happy to help. Connect with Andy: 📞 310-383-6239