Very likely no capital gains tax on a sale like that, thanks to the primary-residence exclusion, but confirm the specifics with a CPA. Under the IRS home-sale exclusion for a primary residence: - A single filer can exclude up to $250,000 of gain; a married couple filing jointly, up to $500,000. - You must have owned and lived in the home as your primary residence for at least two of the last five years. - Your gain is smaller than sale price minus purchase price. Qualifying costs on both the buy and sell side, like agent commissions and certain improvements, reduce the taxable gain further. Run the rough math on a home bought around $178,000 and sold in the low-to-mid $400,000s: the gain lands comfortably under the exclusion limits for most filers, so there would likely be nothing owed. A CPA should confirm your exact basis and eligibility, since details like periods of non-qualified use can matter. Two more points: you can use this exclusion again on a future home, though generally not more than once in any two-year window, and these figures come from federal tax rules that can change. Verify the current limits and requirements with a tax professional before you rely on them.