✉news BusinessPersonal Finance first seen 3 h ago, last 26 min ago, peak #29

IRS Full Capital Gains Exclusion Applies Even If Only One Spouse Owns the House

Original: The House Has Only Her Name on It. When They Sell Next Year the IRS Will Still Give Them the Full Married Couple's Exclusion, Because Only One of Them Has to Own It

A personal finance point is drawing attention: when a married couple sells their home, only one spouse needs to be on the title for the pair to claim the full $500,000 capital gains exclusion, provided both meet the use and ownership tests. Tax commentators note the rule surprises many couples whose home is titled in one partner's name alone.

Why now: Married couples planning a home sale are interested in how the capital gains exclusion works when only one spouse owns the property

IRSInternal Revenue Code Section 121married homeowners

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• The House Has Only Her Name on It. When They Sell Next Year the IRS Will Still Give Them the Full Married Couple's Exclusion, Because Only One of Them Has to Own It · 24/7 Wall St.

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