tcerny51
Level 3

Divorced, never remarried client, owned a condo where her unmarried daughter lived for the last 10 years. 3 weeks prior to selling the property, she quit claimed the property to herself and her daughter. How do I handle the profit from the sale of the condo? The daughter, who is now 50% owner, and only her name shows up on the settlement sheet at the closing, lived in the property. Does she qualify for exclusion for sale of main home?

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