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Do I need to add my wife (just married) to the deed of our primary residence order to avoid paying tax on the $400k capital gain when we sell next month?
My fiance and I purchased the home 4 years ago and have lived here as our primary residence. She stays home with the kids so she was not on the loan or deed. We are planning on selling our home and looking at a gain of $400k so we eloped last month. My research shows we only need to file as married filing jointly, but our realtor mentioned that another client from the past had a problem with their capital gains taxes from sale of their property and mentioned we should make sure.
‎June 6, 2019
6:24 AM