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December 2, 2020
Question

Sell house, spouse not on title

  • December 2, 2020
  • 1 reply
  • 0 views

If my wife & I meet the two years residence requirement, but only I am on the house title, my wife is not, will we be able to avoid tax up to 500k when selling a house?

Basically, one spouse is on house title, the other spouse is not on house title. Thank you.

1 reply

December 2, 2020

The spouse is notrequired to be on the title for the $500,000 exclusion when married. But the spouse MUST have lived in the home for at least 2 years during the previous 5 years on the date of sale.