Selling a Personal Residence: Why Section 1031 Does Not Apply
More Primary Residence Situations
Avoiding Capital Gains on Real Estate
How homeowners legally reduce taxable gain on a home sale using adjusted basis, capital improvements, selling costs, and the Section 121.
ExploreDeferring Depreciation Recapture
A former home turned rental generates depreciation deductions along the way, and selling it later triggers recapture the Section 121 exclusion.
ExploreEstate Planning & Step-Up in Basis
For a homeowner near the end of life, holding onto real estate rather than exchanging it often produces a better outcome for heirs than.
ExploreExchanging for Retirement Income
A paid-off former home held as a rental can be exchanged into income-focused property, giving a retiree steadier cash flow than tenant rent ever.
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