How to Sell Your Home to an S-Corp and Still Get the $500K Tax Exclusion

Selling your personal residence to your own S-Corporation can unlock powerful tax advantages, especially when the property has appreciated significantly, you don’t want to sell, and you want to convert it into a rental. While most taxpayers are aware of the $250,000 capital gain exclusion for single filers and $500,000 for married filing jointly under IRC §121, few understand how to combine this exclusion with S-Corporation planning to generate additional depreciation and long-term savings.