Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
1031 Exchanges
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated 5 months ago on . Most recent reply

User Stats

6
Posts
3
Votes
Connor Chanter
3
Votes |
6
Posts

Captal Gains Deductions for a Married Couple Living Separately

Connor Chanter
Posted

Hi all, my parents have 2 primary residences, and they are looking to sell one of them. I was curious if anyone had insights on my scenario:

Parents are living apart, yet still file federal taxes as 'married', but file individual state returns. They are looking at selling their house in Michigan where my mom has resided the last 2+ years. Does this mean they would still get the full $500k tax break? Or would they only get the 250k for single person since they have been living separately?

Would love everyone's thoughts on this, Thanks!

Loading replies...