https://ttlc.intuit.com/community/tax-credits-deductions/discussion/does-the-500k-exclusion-for-gain-on-sale-of-principal-residence-apply-even-if-house-is-titled-to/01/205960#M26959 <P>I am the only person listed on the deed to our home. When I married 6 years ago, we did not change the deed. We have been “married filing jointly” taxpayers since our marriage. Assuming that we meet all of the rules for the exclusion on the gain on the sale of the home (principal residence ,etc), do we qualify for the $500k exclusion? &nbsp;Or are we &nbsp;limited to only $250k exclusion because the house is deeded in only one of our names?</P> Sat, 01 Jun 2019 17:56:36 GMT bmargel 2019-06-01T17:56:36Z https://ttlc.intuit.com/community/tax-credits-deductions/discussion/does-the-500k-exclusion-for-gain-on-sale-of-principal-residence-apply-even-if-house-is-titled-to/01/205960#M26959 <P>I am the only person listed on the deed to our home. When I married 6 years ago, we did not change the deed. We have been “married filing jointly” taxpayers since our marriage. Assuming that we meet all of the rules for the exclusion on the gain on the sale of the home (principal residence ,etc), do we qualify for the $500k exclusion? &nbsp;Or are we &nbsp;limited to only $250k exclusion because the house is deeded in only one of our names?</P> Sat, 01 Jun 2019 17:56:36 GMT https://ttlc.intuit.com/community/tax-credits-deductions/discussion/does-the-500k-exclusion-for-gain-on-sale-of-principal-residence-apply-even-if-house-is-titled-to/01/205960#M26959 bmargel 2019-06-01T17:56:36Z https://ttlc.intuit.com/community/tax-credits-deductions/discussion/yes-in-this-situation-only-one-spouse-has-to-meet-the-ow/01/205965#M26960 <P>Yes, in this situation only one spouse has to meet the ownership test to qualify for the 500k exclusion.</P> Sat, 01 Jun 2019 17:56:37 GMT https://ttlc.intuit.com/community/tax-credits-deductions/discussion/yes-in-this-situation-only-one-spouse-has-to-meet-the-ow/01/205965#M26960 Zbucklyo 2019-06-01T17:56:37Z