re: Capital Gains Tax on the Sale of My Home

15 % as of right now. Cap gain rates should increase. There are loopholes that you can reduce, or even get out off, paying capital gains on the sell of a personal residence that has been lived in for less than 2 years. They moving for employment, health issues, and martial status/unexpected babies (like quads). And to answer your question about when to start counting, go by the settlement sheet or when the loan is finalizied.