The Motley Fool Discussion Boards

Previous Page

Financial Planning / Tax Strategies


Subject:  Sale of House Date:  3/16/2010  1:11 PM
Author:  rams016 Number:  109619 of 129771

My husband purchased a house in 1997 as his primary residence (we were not married at the time). We got married in November 2005 and he continued to live in his house until June 2006. I continued to live in my own house in nearby town during this time. He rented his house from June 2006 through December 2008. Improvements were made to the home in 2009 and it was sold May 15, 2009.

My question is, can we exclude the gains from the sale of the house on our taxes? Technically, I believe that May 14 2004 through June 2006 would qualify as the two years as a primary residence but does it matter that it was not my primary residence (only his) since we were married during that time? We have filed Jointly since we've been married.
Copyright 1996-2019 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us