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Capital Gains on Home Sale- Marriage Requirements
If I am married after I sale my house, but both events occur in the same tax year, do we still get the $500k exclusion? It appears we do (just confirming).
Additionally, we will meet all of the rules for the tax year of the home sale and marriage:
I owned the home for over 2 years.
We will be Married Filing Jointly (MFJ).
Both of us have resided in the home for at least two years prior to the sale.
Neither of us previously claimed a home sale exclusion within the last two years.
‎February 26, 2020
9:36 AM