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Deductions & credits
For a married couple filing jointly, only one spouse has to meet the ownership requirement. No, the spouse is not required to be on the title for the $500,000 exclusion when married. But the spouse MUST have lived in the home for at least 2 years during the previous 5 years on the date of sale.
Firpta applies to non resident aliens which does not appear to be your situation.
‎July 12, 2024
11:38 AM
20,815 Views