{"id":57,"date":"2026-10-19T13:00:00","date_gmt":"2026-10-19T13:00:00","guid":{"rendered":"https:\/\/www.freedomwealthservices.com\/blog\/?p=57"},"modified":"2026-10-19T13:00:00","modified_gmt":"2026-10-19T13:00:00","slug":"tax-basis-shapes-home-sale-gains","status":"publish","type":"post","link":"https:\/\/www.freedomwealthservices.com\/blog\/2026\/10\/19\/tax-basis-shapes-home-sale-gains\/","title":{"rendered":"Tax Basis Shapes Home-Sale Gains"},"content":{"rendered":"<div class=\"video-zmyer\">\n<div class=\"video-frame-zmyer\">\n        <iframe loading=\"lazy\" width=\"640\" height=\"640\" src=\"https:\/\/www.roomvu.com\/agent\/embed\/bill-constain\/basis-tax-listing-remotion-videos-4853\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture\" allowfullscreen><br \/>\n        <\/iframe>\n    <\/div>\n<div class=\"video-description-zmyer\">\n<p>When it comes to selling your home, understanding how tax basis works is essential for protecting your equity. The IRS taxes your gain, not the full sale price, so knowing what goes into your basis can make a significant difference. Your basis usually starts with what you paid for the property, plus certain purchase costs. Over time, qualifying capital improvements\u2014like adding rooms, remodeling kitchens or baths, replacing the roof, or converting space\u2014can increase your basis and help reduce the taxable gain when you sell. For example, if you bought your home for $500,000, invested $100,000 in improvements, paid $50,000 in selling costs, and sold for $900,000, your taxable gain would start around $250,000. Keep in mind, routine repairs don\u2019t boost your basis, and your own labor isn\u2019t included\u2014plus, if you\u2019ve rented out the property, depreciation may lower your basis. Careful recordkeeping is key, and consulting with a financial professional can help ensure you\u2019re making the most of your long-term investment. With over 32 years of guiding clients toward secure retirements, I\u2019ve seen how these details can shape your financial future.<\/p>\n<\/p><\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>When it comes to selling your home, understanding how tax basis works is essential for protecting your equity. The IRS taxes your gain, not the full sale price, so knowing what goes into your basis can make a significant difference. Your basis usually starts with what you paid for the property, plus certain purchase costs. [&hellip;]<\/p>\n","protected":false},"author":137,"featured_media":58,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-57","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest-posts"],"_links":{"self":[{"href":"https:\/\/www.freedomwealthservices.com\/blog\/wp-json\/wp\/v2\/posts\/57","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.freedomwealthservices.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.freedomwealthservices.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.freedomwealthservices.com\/blog\/wp-json\/wp\/v2\/users\/137"}],"replies":[{"embeddable":true,"href":"https:\/\/www.freedomwealthservices.com\/blog\/wp-json\/wp\/v2\/comments?post=57"}],"version-history":[{"count":1,"href":"https:\/\/www.freedomwealthservices.com\/blog\/wp-json\/wp\/v2\/posts\/57\/revisions"}],"predecessor-version":[{"id":59,"href":"https:\/\/www.freedomwealthservices.com\/blog\/wp-json\/wp\/v2\/posts\/57\/revisions\/59"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.freedomwealthservices.com\/blog\/wp-json\/wp\/v2\/media\/58"}],"wp:attachment":[{"href":"https:\/\/www.freedomwealthservices.com\/blog\/wp-json\/wp\/v2\/media?parent=57"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.freedomwealthservices.com\/blog\/wp-json\/wp\/v2\/categories?post=57"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.freedomwealthservices.com\/blog\/wp-json\/wp\/v2\/tags?post=57"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}