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Deductions & credits
One aspect of this I didn't mention is that my spouse is terminally ill. She is the one who wanted to buy the house. Once she passes I plan to sell it at some point (not immediately). I did come across an article on nerdwallet.com that indicated death of a family member that was an owner of the house was a qualifying factor and may result in having "some or all" of the capital gains excluded.
Obviously this will all be complex and I will need a tax advisor that specializes in estate management.
‎April 30, 2023
7:45 AM