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Firpta and capital gains
I would like to know if my husband and I qualify for a exclusion from capital gains tax on the sale of our home. I am a US citizen, he is an undocumented immigrant, he has an ITIN and we file married filing jointly....we will be selling our home that we owned for almost 3 years. We resided in the home the entire time, we bought the house while married however I chose not to be put on the deed but the deed states "grantee a married man". We bough the home for $37k and will be selling it for $300k or less. I would like to know if we qualify for the capital gaim exclusion and will have no tax liability and also if there will be firpta withholding
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‎July 12, 2024
10:43 AM