Article Date:
January 2006

Word Count:



$500,000 Exclusion

Do I have to be married during the 24 months of residential use for me and my husband to take the $500,000 exclusion? (T. S., Glendale, CA)


No! To qualify for the $500,000 exclusion,1



one of you, either you or your spouse, must meet the 24-month ownership requirement (24 of the past 60 months);


you must have used the residence as your principal home for 24 of the past 60 months;


your spouse must have used the residence as ... Log in to view full article.

Log in to view full article
Already a subscriber?
Email Address


Log In Send me my password

You'll be able to read the full article and get instant access to the last few issues of the Tax Reduction Letter

Not yet a subscriber?
with a money-back guarantee