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Full and partial eligibility for cap gains on home sale
I have lived in my house for 15 years, I got married and now my wife has lived in the house for 1 year. If we sell now, I get $250k exemption on cap gain. Since my wife has only lived in the house for a year, we can't get another 250k exemption, but is there a way to get a partial exemption for the year she lived here? Is it prorated?
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March 29, 2025
3:55 PM