Do I Owe Taxes When I Sell My House? (Probably Not)

If your home has doubled or tripled in value over the years, you're probably wondering the same thing: How much tax will I owe when I sell? Many homeowners assume they'll owe taxes on every dollar of appreciation. In reality, the answer is often much better than people expect. In this video, Twin Cities realtor Herman Antonov explains the federal home sale tax exclusion, how capital gains actually work, what "cost basis" means, and why many Minnesota homeowners owe little or no federal tax when selling their primary residence. This is general educational information only and is not tax advice. Always consult a qualified CPA or tax professional regarding your specific situation. ⏱️ TIMESTAMPS 0:00 — The tax question everyone worries about 0:09 — Important disclaimer 0:28 — Bought for $180K, worth $430K: what happens? 0:58 — THE PRIMARY RESIDENCE EXCLUSION 2:35 — YOUR ADJUSTED BASIS 3:37 — Understanding adjusted cost basis 4:44 — What happens above the exclusion limit 5:46 — Final thoughts Understanding the tax side of selling can help you make better decisions about your next chapter. 👉 Schedule a free consultation: https://www.theantonovgroup.com/ Need a CPA who understands real estate transactions? I'm happy to connect you with trusted professionals I've worked with over the years. Next episode: the full financial picture of selling your home. What will you actually walk away with after commissions, closing costs, taxes, and everything else is paid? We'll break down the numbers step-by-step. 📲 CONNECT Instagram:   / theantonovgroup   Website: https://www.theantonovgroup.com/