To whom it may concern
I sold my primary residence for a capital gains amount of $116,000 (of which I received 85 and my ex-wife received the rest) and sold an investment property for $154,000 (my ex-wife received 89 and I received the rest). I had to split the earnings with my ex-wife and used a lot of what I earned into getting a new primary house. Could I claim the gains from the investment property as the down payment of my new house while not being taxed on what I earned from the sale of my primary home (I lived there for four years and it's less than the 250,000 that's tax free)? How would I handle such a scenario?
