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31 May 2024 | 111 replies
Mom barely made it through highschool, my dad died when I was six, and we lived below the poverty line until I was 14 and she remarried.
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24 May 2024 | 6 replies
That’s your new basis and assuming you have lived in the subject property for 2 of the last 5 years then you would be eligible for the $250,000 deduction unless you have remarried then it would be a $500,000 deduction.
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4 April 2024 | 4 replies
Most recently, I flipped a home after getting remarried in 2020 for a $30k profit.
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3 April 2024 | 6 replies
I am now remarried and my current wife never resided in the old house.
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24 September 2017 | 9 replies
She passed in early 2014 and my step dad stayed in the home and remarried within a year.
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9 July 2018 | 5 replies
Her husband passed away, but she has not been remarried.
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15 August 2018 | 1 reply
Nothing has changed.If your mom has not remarried when a residence is sold or exchanged, the surviving spouse's period of ownership and use includes the period your dad owned and used the property.Mom can use the full $500,000 exclusion if (a) the sale occurs not later than two years after the date of death of the spouse, and (b) the rules permitting a maximum exclusion of $500,000 were met immediately before the date of death (including ownership and use by the dad)
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5 March 2021 | 14 replies
I'm now remarried and my awesome wife has three kids of her own around my two kids ages and all five are doing great in school and life.
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12 March 2018 | 4 replies
I can now foreclose.The couple divorced and remarried, neither live in the home I sold them.