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Updated over 1 year ago on . Most recent reply presented by

User Stats

52
Posts
20
Votes
George Post
  • Lender
  • Boston
20
Votes |
52
Posts

Newly Weds House Sale Capital Gains Exemption

George Post
  • Lender
  • Boston
Posted

Howdy my Tax Pro's!

Let's say there is a couple. The guy has owned a house for 8 years, she's been living with him for over two years, then they get married this Winter. They are looking to sell that house and move this Spring. Would they then qualify for the full $500k exemption? Does she need to get added to Title prior to sale? Do they need to be married for over years for the full exemption?

TIA!

  • George Post
  • [email protected]
  • 7815348071
  • Most Popular Reply

    User Stats

    236
    Posts
    45
    Votes
    Ahad Ali
    • CPA/Investor
    • Bronx, NY
    45
    Votes |
    236
    Posts
    Ahad Ali
    • CPA/Investor
    • Bronx, NY
    Replied
    Quote from @George Post:

    Thanks guys! @Account Closed & @Ahad Ali! Thank you for your input as well @Chris Seveney. Happy New Year to you all :)!


     Happy New Year !

    • Ahad Ali
    business profile image
    Ahad&Co CPA
    4.9 stars
    351 Reviews

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