Can we get the $500,000 home sale tax exclusion when we file joint ITR even the house is only under my name?
my colleague is correct, a married couple is entitled to the full exemption regardless of the ownership of the property.
Bethesda, MD
Tax Lawyer at Bethesda, MD
Practice Areas: Tax, Estate Planning, Business
my colleague is correct, a married couple is entitled to the full exemption regardless of the ownership of the property.
Please clarify the question.
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