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- Can a MFJ return limit home exclusion to $250,000 for recently married couple with two houses to sell in separate years?
Can a MFJ return limit home exclusion to $250,000 for recently married couple with two houses to sell in separate years?
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stweafer
Level 1
10-11-2023
04:12 PM
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Both houses would qualify for exclusion if they had not got married
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TaxGuyBill
Level 15
10-11-2023
10:00 PM
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If you are asking if one spouse can exclude the gain from their house, and the other spouse exclude the gain from their house, yes, each can do that on a Joint return. It is hypothetically possible the IRS would question it, but it is allowable.
