DebbieRo
Returning Member

Get your taxes done using TurboTax

I was planning on claiming only one exclusion using the combined exclusion but thanks for the suggestion of using the individual gain limit - very interesting and it may work. Both gains are below the $250K individual limits.

 

We both owned the two houses during the past five years and split living between the two (MD and DE) over that time so we each would meet the 24 months over the past 5 years rule. I kept my license in MD while my husband switched his license and the car registrations to DE. I'm thinking of using my exclusion in 2020 for the MD home sale and his for the 2021 DE home sale. 👍

 

Appreciate the guidance!!