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Updated over 1 year ago on . Most recent reply presented by

User Stats

45
Posts
17
Votes
George Post
  • Boston
17
Votes |
45
Posts

Newly Weds House Sale Capital Gains Exemption

George Post
  • Boston
Posted

Howdy my Tax Pro's!

Let's say there is a couple. The guy has owned a house for 8 years, she's been living with him for over two years, then they get married this Winter. They are looking to sell that house and move this Spring. Would they then qualify for the full $500k exemption? Does she need to get added to Title prior to sale? Do they need to be married for over years for the full exemption?

TIA!

Most Popular Reply

User Stats

236
Posts
45
Votes
Ahad Ali
  • CPA/Investor
  • Bronx, NY
45
Votes |
236
Posts
Ahad Ali
  • CPA/Investor
  • Bronx, NY
Replied
Quote from @George Post:

Thanks guys! @Account Closed & @Ahad Ali! Thank you for your input as well @Chris Seveney. Happy New Year to you all :)!


 Happy New Year !

  • Ahad Ali
business profile image
Ahad&Co CPA
4.9 stars
349 Reviews

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