If he is still married, they can exclude $500K.None of this should have an effect on his social security or part time job.Good Investing...

He explained that back then, the options were simple: you either lived at home, got married, or lived in a house owned by someone else.

I am married with 2 kids and about to have a third soon.My sister lives in the KCMO area, specifically in Lees Summit.

I believe the exclusion limit is $250,000 for single individuals and $500,000 for married couples.

Simply own and live in the home for 24 months of the past 5 years from the date of sale, and receive a tax benefit of up to 250k of excludable capital gains from tax or 500k if married and filing jointly. 

At the time, I was married, thinking we’d have more kids, and maybe move my dad in as he ages.Well since then, I’ve gotten divorced, decided I’m one and done on kids, and switched jobs to have a longer commute.

Not married to NoVa but just a thought, I want to get tapped in a local network (DMV) for mentorship and h]guidance.

Well... it turns out married life may not be married life by the end of 2023.  

What I mean is, it looks like as a married couple filing jointly we pay $0 in cap gains on first $94k, so could we use a strategy to pull out $94k in cap gains then 1031 the rest?

I started when I was married with 2 kids, and a full-time job, It was not easy when you have others who depend on you, and I was living paycheck to paycheckYou have time, so take advantage now if we can