RLorgeEA
Level 3
03-31-2023
12:40 AM
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Situation: Newlywed couple each lost their spouses in 2021. Found each other and remarried in 2022. Each sold their homes owned with deceased spouses and they purchased a new home together in 2022.
Question: How do I show that these are two separate principal residences so they each get the cap. gain exclusions? Not a lot of cap gain for either one. Is this possible?
Thanks in advance.
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