BobKamman
Level 15
08-13-2024
11:38 AM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
As long as each unmarried co-owner satisfies the two-out-of-five-year ownership and use tests, each gets to exclude up to $250,000 of their share of the gain from the sale.
I know there's an IRS ruling about that somewhere, but I found it here with a quick search.