Does sold equity in a property count as income!

[Enrique Villarreal]

All
I’m considering selling interest my primary residence to a partner in exchange for X% equity. I plan on moving out of the house at the same time and using the money as a down payment on my next primary.  Would this money count as taxable income?

I understand this might be a great question to ask a CPA also, does any one have any recommendations for someone in San Antonio?

[Eliott Elias]

I’m not sure how exactly you’re going to sell your equity in your primary residence, and in exchange for what? If you sell your primary outright, and you’ve lived in it for two of the last five years, and it is homesteaded, you can get up to 250 K in tax fee profits if you are single.