Minimizing Capital Gains when Selling House Hacked Property

[Keith Goepfert]

Hey everyone, this is my first time posting in the community, so apologies in advanced if I violate any social norms here.

As I understand, selling a personal property allows for no capital gains taxes to be paid on the first 250k profit from the sale. If one is renting out a percent of their personal property, that same percent of the profits will be subject to capital gains tax at the time of sale. (let me know if I'm mistaken in this initial assumption).

My question is if there are any strategies to avoid realizing capital gains at the time of sale. For example, if I were to stop renting out a portion of the home, and live in the entire home for the year before sale, would that allow the entirety of the profits to fall under the 250k tax free limit?

I intend to consult a CPA soon, but I was hoping the community could shed light on my question in the mean time.

Thanks in advanced!