Discussion:Two primary residence?
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Revision as of 20:48, 22 February 2006
Discussion Forum Index --> Tax Questions --> Two primary residence?
| February 22, 2006 | |
| My client and her husband have not lived together for 10 years (I know-why are they married? I dunno) They live about 3 hours driving time apart. They have (they think) established separate primary residences. Each has voted, registered cars, worked nearby, etc. for each house separately. Now, of course, one house is sold and they want to exclude the gain (which would only be about 50,000.) from tax based on the husband selling his primary residence. If its not excludable, then there would be capital gains tax on it. So what do you think, excludable or not? any references? It kinda reminds me of a newly married couple who both meet the 2 year test and one sells their former home and excludes 250,000. | |
