I have a rental house in Seattle that has been rented for 12 years and is values about $485K. We bought a house in North Carolina last September and didn't know about being able to roll the proceeds from the sale to our new place and I think we missed the window to do that. What are other options and how much would the capital gains rate be?
If you had lived in the rental 2 of the last 5 years before selling you could have saved on capital gains tax. If you sell the rental and within a certain time period buy another rental then you can defer capital gains tax (1031 exchange).
There's no tax benefit to selling a rental in order to buy a primary residence, so you didn't miss out on anything as far as I can tell.