Nat Hussey
Level 3

I think I'm seeing that the home sale exclusion is entirely unavailable to couples owning their home in an LLC where they are both members. It looks as though trusts work and single member LLCs work, but not husband/wife LLCs. This is counterintuitive in situations where couples do not operate any business or take deductions with the LLC entity. It also doesn't seem like a recipe for abuse. Is this correct? Thank you!

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