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Investors & landlords
@acs11012 --
Remember you can file a joint return even if one spouse has no income. And filing jointly is almost always better than filing separately.
If you file jointly and only one spouse is eligible for the capital gain exclusion, the exclusion is limited to $250K.
**Answers are correct to the best of my ability but do not constitute tax or legal advice.
‎July 12, 2021
11:49 AM