What Kind of Taxes Hit When You Sell a House?
Tue Oct 14 2025
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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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.