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Deductions & credits
Hi Jean,
I noticed your response. Here is my question.
Does it matter to have relationship among joint owners? For example, parents, and parents' married child purchased a house together. If they all qualify the use and ownership test, they have up to $1,000,000 capital gain exclusion.
I have a case on my hand and I am doing research on it. Just not sure if their relationship will affect the exclusion rule.
Thank you
‎November 25, 2019
1:31 PM