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Deductions & credits
@dozierrrr wrote:
We both lived in the home for 7 years, just not married.
Only one spouse has to meet the ownership test.
See https://www.irs.gov/publications/p523#en_US_2022_publink10008952
Determine whether you meet the ownership requirement.
If you owned the home for at least 24 months (2 years) out of the last 5 years leading up to the date of sale (date of the closing), you meet the ownership requirement. For a married couple filing jointly, only one spouse has to meet the ownership requirement.
‎November 16, 2023
8:44 AM