not sure how to do a link... but all i saw was this post .. not sure if I read it right.. or even if the person is correct or not..
For the exclusion for gain on the sale of a primary residence; if you file a joint return, both spouses must meet the ownership and residence tests but you file separate returns for the year of the sale, you would only look to the spouse which is claiming the exclusion. For the second sale, the exclusion can only be claimed once in a two year period to meet the lookback test and all other requirements must be met- so once again, you have to make sure you qualify and if filing separate might be helpful (you should definitely plan on spacing the sales so the timing is correct).
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Wednesday
@LauraA4 please review this link and specifically page 8.
https://www.irs.gov/pub/irs-pdf/p523.pdf
note that in the chart under "married filing joint", over to the very right it states:
"Determine if either spouse is eligible for the full limit as a single person"
Therefore each spouse must meet the residence and ownership requirements so that each can qualify for the maximum $250,000 exclusion. There is no need to file Separate.
