My spouse and I are getting divorced and selling our jointly owned home, how do we split the capital gains exclusion if only one of us lived there recently?

Question

Kohari Gonzalez Oneyear & Brown · Accepted Answer

In a divorce-related home sale, the tax treatment often depends on how the property was owned, whether either spouse met the ownership and use tests, and how the sale is reported on the return. The fact that only one spouse lived in the home recently can matter, but the timing of the move, the divor For an answer applied to your exact numbers, bring this question to a licensed KGOB CPA in a focused session and leave with a clear next step.