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Updated almost 8 years ago,

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Mindy Jensen
Pro Member
  • BiggerPockets Money Podcast Host
  • Longmont, CO
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How does divorce affect cap gains on primary homes owned -2 years

Mindy Jensen
Pro Member
  • BiggerPockets Money Podcast Host
  • Longmont, CO
ModeratorPosted

A friend just told me he is getting a divorce, and they have owned their home for less than 2 years. (February 2016 purchase date.)

How does divorce affect Capital Gains on this purchase? After one year, it's long term capital gains, right? Is there a minimum salary threshold for capital gains? $70k is for stock capital gains, I think. 

Are capital gains pro-rated the second year? 

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