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State tax filing
My job is relocating me to IL; however, my wife plans to stay back 12-15 months due to family matters. My wife does not work and plans to live in our primary residence (RI - purchased in June 2000) while renting an apartment (IL). She will travel back and forth. We do plan on selling our house eventually. I don't understand how the taxes will work and if and when we sell the house, do we meet the requirement of 2-year capital gains tax avoidance on the home?
May 8, 2021
5:39 AM