@Anonymous_ wrote:
@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.
An Intuit employee says here that you qualify for the full $500,000 even if you got married after the sale.
https://ttlc.intuit.com/community/tax-credits-deductions/discussion/capital-gains-on-home-sale-marri...
I am not entirely convinced, and if I was in this situation, I would pay for an opinion from a local expert who would support me in case the IRS asked questions.
