Capital Gains treatment on the sale of two properties sold.

[Dan Delcorio]

I have a personal and secondary home (house hack with a partner)

Personal home I’ve been in for 6 years, house hack home 2 years this December.

I may end up selling both after the first of the year.

What would the tax treatment be on what ever home I sell later?

I have much more equity in the personal home then I do the house hack home.

[Dave Foster]

@Dan Delcorio,  Unless your partner was on deed of the 2nd home and lived there that property is not eligible for any primary treatment.  There's no two year thing on cap gains. It turned into a long term capital gain at one year.

Your primary is eligible for 121 exclusion up to the limits as several have pointed out.

So if you want to minimize your capital gains it's 121 the primary and 1031 the 2nd home.  Tax free and tax deferred.  What could be better.