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Sale of primary home - Married filing separately vs Married file Jointly
My wife and I typically file Married filing separately. In 2021 we sold our primary home and made more than $250K. To take advantage of the $500K tax-free profit do I have to change and file Married file Jointly? Is it possible to continue to file MFS and somehow split the proceeds and expenses of the home sale equally between the two us?
‎April 4, 2022
3:36 PM