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Updated almost 7 years ago,
Selling my rental house have a tax question
I am selling my house awhich was my primary residence. I moved out last year and began renting it out. I understand that I can take up to 250,000 tax exemption if I am single or a 500,000 tax exemption if I am married. I got married last November but I am the only one on the title of the house. Do I need to put my wife on title to get the 500,000 tax exemption or since we are now married we qualify? thanks
Ian