acald11
New Member

Real Estate Capital Gains Exclusion

I purchased my home in 2017 while single, my wife purchased her home in 2019 while single.  I have rented my home for the last 2 years but it can still qualify as a primary residence as I've lived in it for at least 24 months out of the last 5 years.  We got married in 2023 and we live in her townhome although I was never added to any of the home documentation.  I am hoping to sell my original place while I still qualify for the capital gains tax exclusion of $250k (I'll have about that in profit after sale) in early 2025 -- will she also be able to qualify for the capital gains tax exclusion if we decide to sell her home as well? Any advice on how to avoid a huge cap gains hit in this situation would be much appreciated. Thanks!