MFS different main homes

[dsi]

Is this correct to do.....MFS, each has his/her own primary residence they live in?

[WhiteOleander]

Is this correct to do.....MFS, each has his/her own primary residence they live in?

The IRS doesn't care if they live together or not. If they are married, the can file MFS or MFJ unless they could otherwise qualify for HOH. Although rare, some people separate and never divorce. So, they file MFS each year and might not even see the other person.

[Jesse]

Although rare, some people separate and never divorce. So, they file MFS each year and might not even see the other person.

I have a couple of those MFS and I can't understand why they don't just divorce. One of my couples finally divorced after over 20 years of MFS, I've only had her as a client for the last 4 years. She said although she couldn't get along with him, she just always loved him so would not initiate the divorce. Finally he did and this year she's finally single at 70! Just weird.

[Burke]

I have one of those. File MFS and live in separate states, separate homes. Hurts her at tax time, but she knows it. They visit on weekends. Works for them!

[dsi]

Then, when she sells her primary residence, she is still entitled to the sec 121 exclusion right?

[Burke]

Yes, up to $250,000 of gain. Except in her case, she rents part of it out, so she will have to deal with that at the time of sale.

[AJsTax]

Then, when she sells her primary residence, she is still entitled to the sec 121 exclusion right?

They would each be entitled to the exclusion on their home as they lived in it as a primary residence for 2 of last 5 years.

We have several, actually. some are for insurance reasons, not sure on a couple. Have two that live in different parts of the same city. Have a couple that live in different states.