Selling a house
Varies
Can You Write Off Selling a House?
Short answer: Up to $250,000 of gain ($500,000 joint) is tax-free if you owned and lived there two of the last five years.
Selling costs like agent commissions reduce your gain.
Records to keep: Keep receipts, statements (1098, 1098-T, 1099, W-2G), and a note of what each cost was for. Compare itemizing to the 2026 standard deduction before you claim.
BW-B22-00131
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Selling a house
Varies
Individuals / Personal Taxes
Other Expenses
Personal Tax Deductions
Up to $250,000 of gain ($500,000 joint) is tax-free if you owned and lived there two of the last five years.
BizWriteOffs provides educational information only and is not tax, legal, or accounting advice. Deductibility depends on your specific facts and records. Consult a qualified tax professional.
Business justification
Up to $250,000 of gain ($500,000 joint) is tax-free if you owned and lived there two of the last five years. Selling costs like agent commissions reduce your gain.
Category
- Personal Tax Deductions
personal deduction
search demand 2026
home mortgage
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