What Are the Tax, Estate, and Inheritance Considerations When Selling a Longtime WA Home?

Selling a longtime residence in Washington can come with big financial implications. If you’ve owned your home for decades, you may need to think about capital gains, estate planning, or even inheritance scenarios.

Capital Gains in Washington

• You may be exempt from up to $500,000 (married) or $250,000 (single) in capital gains if you’ve lived in the home 2 of the last 5 years.

• Improvements and selling costs can be added to your cost basis.

Estate Planning & Inheritance

• Selling before or after a death in the family has different implications.

• Homes passed to heirs often get a “stepped-up basis,” which can reduce capital gains.

• Trusts, wills, and power of attorney documents should be updated before selling.

Consult With a Pro

I’m not a tax advisor or attorney—but I partner with several trusted professionals and can help connect you for specific guidance.

Bonus Tip: Even if your home sale has little tax impact now, it may affect your next move (Medicaid eligibility, retirement withdrawals, gifting to heirs, etc.). Let’s get you ahead of it.

These transitions are more than just sales—they’re stories. Whether you’re an empty-nester downsizing for freedom, a senior simplifying for health, or a family navigating estate transitions, I’m here to guide every step.

Let’s talk when you’re ready.

—Lani Fisher
Everyday Agent for Everyday People
Trusted Senior Real Estate Specialist
Serving Pierce, Thurston, King Counties & Beyond