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re: Does anyone know how I am to be taxed on a home sold?
Posted on 1/12/22 at 6:57 am to Curdoglsu
Posted on 1/12/22 at 6:57 am to Curdoglsu
quote:
Unlike the ownership requirement, each spouse must meet the residence requirement indi- vidually for a married couple filing jointly to get the full ex- clusion.
Meaning, if I lived in my house full time until selling it, and she lived in her house full time until selling it, we can file jointly and be excluded from the taxes?
1
Posted on 1/12/22 at 9:27 am to indytiger
Correct unless you or your spouse have used this exclusion once in the past 2 years.
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