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Deductions & credits
if you inquiring about the home sale exclusion once you are divorced, where each of you lives would be your principal residence. the rules for the home sale exclusion would apply to each. however, there is a special rule when a rental property is converted into a personal residence. this can result in a substantially reduce exclusion IRC 121(b)(5). consult your divorce attorney
May 12, 2022
10:51 PM