cuantoes
New Member

How long do I need to be married to qualify for the 500K the real estate exclusion?

We both have lived in the same property as our primary residency for over 5 years. The property is under my name and we are getting married. I just need to know if there is a "waiting period" before selling, or is it enough just to be married prior to the sale (even for a week) as long as the marriage happens is in the same tax year where the sale takes place? I also assume there is no need to add the second person to the deed before selling. We are in NY. Thanks.