Message Font: Serif | Sans-Serif
No. of Recommendations: 0
My husband and I got married and I excluded the gain from the sale of my home last year (2000). He has lived in our current home for 5 years. I have lived there for 1 year and was added to the title about 6 months ago. We are planning on selling our home in the next couple of months. It is my understanding from reading the IRS publications that we will be able to exclude up to 250,000 (his exclusion, 0 for me). Is this correct? Thanks for your help,

We are planning on asking our tax accountant this question but he is on vacation for the next couple weeks.
Print the post  


In accordance with IRS Circular 230, you cannot use the contents of any post on The Motley Fool's message boards to avoid tax-related penalties under the Internal Revenue Code or applicable state or local tax law provisions.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.