asked

My wife and I both owned two primary homes, one in each state, and we lived in separate homes for a period. We've sold one and may sell the other soon. Can my wife use her $250k gain on sale exclusion for the home she lived in, and can I use my $250k gain on sale exclusion for the home I lived in, rather than only getting the $500k combined exclusion for both homes?

August 23rd, 2024

Sign Up to View Answers

Create an account to view answers and interact with the community!