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Updated about 1 year ago, 11/28/2023
Can I 1031?
Hey all, I am not looking for legal advice, but just general information. I own a condo in San Diego with about 300k of equity in it. I bought this as a primary residence years and years ago, before I met my now wife. I am wondering if we were to sell, does her name need to be on the title of the home so we can use the 1031 amount of transferring up to 500k as a married couple even though she is not on the title or deed? I do not mind adding her to the deed, because the juice is definitely worth the squeeze, but is this allowable?
Cheers,
Nick