If you live in the home for 2 out of the past 5 years and move out of state you may be exempt from the tax.  

You should never use a debit card or pay for medical expenses from your HSA, ever!

@Kasey Hardt very interesting,  didn't realize this was a pattern but even I've got friends that are getting recruited to the area for medical device startups etc, so could be a very interesting trend to watch.

I haven't lived in it long enough to be exempt from capital gains, good point on that.

Gifting equity in a house may be more trouble than it is worth if you are not near the life-time exclusion1) Potentially having to get the property appraised everytime an equity is gifted2) Having a title company update the title every time3) Exemption of the gift tax return is normally for cash gifts below the annual gift tax exclusion, you may still need to file if you gift non-cash4) If there is partial ownership over several years, having to properly pro-rate certain items such as real estate taxes, mortgage interest and rental income if the property is a rentalBest of luck 

I finally understand that credit card payments are exempt from needing to send 1099's.

So if I understand this correctly, by qualifying to extend the 5 year rule to 10 yrs, $250k if single or $500k if married of proceeds from this sale would be exempt from capital gains? 

Any amount above the annual gift tax exclusion ($17,000 for 2023) counts against your lifetime exemption.

You’d also make all future capital gains at least partially taxable instead of tax exempt by converting your primary to a rental.

In some cases that's amazing -- one part of the town gov't considers it to be a commercial lodging establishment so it's exempt from STR permitting and regulation.