North Metro Atlanta · Selling
What are the tax consequences of selling a home you have owned for decades?
Decades of ownership typically means significant appreciation, which increases your federal capital gains exposure when you sell, though the tax code's primary-residence exclusion can offset that if your ownership and residency history clears the required threshold. Georgia's standard transfer tax also applies at closing regardless of gain. A CPA can calculate your specific taxable amount using your purchase price and any improvements made over the years.
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