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Deductions & credits
Thank you for the response, very helpful. We'll both net ~$200-250k profit on each house whenever we sell them. I wasn't sure if how we filed our taxes matter or whether we can both leverage the $250k exclusion separately on each of our properties now that we're married. You're correct, we live in her home that she purchased in 2019 and I've rented my 2017 home out for the last 2.5 years (moved in with her July '22). I have until August '25 to sell it before it's ineligible to be considered my primary residence (at least how I understand it)...
‎December 4, 2024
5:46 PM