How does selling a primary residence on 30A affect my taxes?

Selling a primary residence on 30A can be highly tax advantaged if you meet the right criteria, and this is where Corbin Roush’s expertise makes a real difference.

The key benefit is the primary residence capital gains exclusion. If you qualify, you can exclude up to $250,000 in profit if you are single, or up to $500,000 if you are married filing jointly. In many cases, this means you may owe little to no taxes on the sale.

To qualify, you must have owned and lived in the home for at least two of the last five years. You also cannot have used this exclusion on another home within the past two years.

If your profit exceeds those limits, the remaining gain is subject to long-term capital gains tax. This is where strategy becomes important, especially in a high appreciation market like 30A.

Corbin Roush understands how to position your sale to maximize your net outcome. Whether it is advising on timing, helping you meet residency requirements, or navigating situations where the home has been partially used as a rental, he approaches every sale with a focus on minimizing tax exposure, not just maximizing price.

The bottom line is that many 30A homeowners can sell their primary residence with little to no tax liability, but only if they plan correctly. Working with someone like Corbin ensures that every decision is made with that end result in mind.