Divorce 2 years ago. I moved out but I held a private second deed of trust for my share with deferred payments until we sold as my ex spouse was staying in the home. We are selling at the 2 year mark when the decree was final. Before that it was my personal residence on paper even though I didn't live there for a year. Am I exempt from paying capital gains when the property sells?
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If you lived in the home for two of the last 5 years, you will be exempt from capital gains on the sale of your residence.
Here's more info:
https://ttlc.intuit.com/replies/4856067
If you lived in the home for two of the last 5 years, you will be exempt from capital gains on the sale of your residence.
Here's more info:
https://ttlc.intuit.com/replies/4856067
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