by Emiller on October 11th, 2006

Emiller

Question

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My ex-wife and I still own a home in which she and our two children live. I have not lived in the home for 18 months. If we sell it, can I get the real estate capital gains exemption on my share of the profits? It is no longer my primary residence.

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  • by JUSTNORMAL on October 11th, 2006

    JUSTNORMAL

    I believe that if your name is on the mortgage and deed, you are required to pay Cap gains. You may want to consult with an attorney.

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You're reading My ex-wife and I still own a home in which she and our two children live. I have not lived in the home for 18 months. If we sell it, can I get the real estate capital gains exemption on my share of the profits? It is no longer my primary residence.

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