Question

Home sale and marriage

Forum|Forum|3 years ago
April 14, 2023
1 reply
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Does it matter when I sell my home vs when I get married for capital gains? Or does it just depend on how I file for the 2023 tax year and not the dates?

Not A Product Question

DoninGA

Employee

When you get married your spouse would have to live in the home for at least two years in the 5 year period from the date of sale for you to be eligible for the $500,000 capital gain exclusion.

Selling before marriage or after marriage but before the two year timeframe for your spouse you are eligible for the $250,000 capital gain exclusion.