Buying And Selling Houses Tax May 2026

Selling a home often triggers a capital gains event, but most homeowners can avoid paying this tax through specific IRS provisions. What is a real estate transfer tax, and who pays for it?

For the 2026 tax year, the primary tax consideration for residential real estate is the , which applies to the profit made from a sale. While federal law offers significant exclusions for primary residences, investment properties and quick "flips" are subject to different rules and higher rates. Tax Considerations for Sellers buying and selling houses tax