@Luisa Morejon Since you've lived in your home for 15 years, you qualify for a capital gains tax exclusion of up to $500K (married), allowing you to keep the proceeds tax-free.

Hindsight is 20/20, my husband was house-hacking way back when we first married.

If you are married - put each one in a single name and you can then have 20 - there are higher qualifications the more  you have though.

In Missouri, a married couple jointly owning LLCs is generally required to file partnership returns for each LLC, necessitating Form 1065 at the federal level and Form MO-1065 for the state.However, the IRS offers a Qualified Joint Venture (QJV) election for married couples, allowing them to avoid partnership classification by treating the business as a joint sole proprietorship.

Right now, we're a bunch of strangers commenting on your post - we don't know your background, financial situation, W2 job, lifestyle (single, married, kids, etc), risk tolerance etc (not that you should share all that information on a public forum). 

If the client is in CA the community property state laws may help here (not entirely sure) depending on when the property was acquired but it would be a great question for an attorney as Jason mentioned.If they were married and went through a divorce it would be worth looking into how the divorce paperwork stated how that property would be handled.

I have the great luck of being married to a Japanese citizen and both spouse and I have incomes in Tokyo over $20M.

There are many more and many more personal goals such as getting married and starting a family, adopting my first GSP dog, traveling to Wyoming and Montana and spending more time in nature, just to share a few.

This strategy allows them to eventually exclude up to 250,000 (500,000 if married filing jointly) of gain from taxes when they sell the property as a primary residence.Hope this helps!

@Diana TengWould you marry somebody you have never seen before?