Taxpayer has a home that he has lived in for 6 years. The now wife - which got married 10/24/2009 owned a home in 2007 - sold May 2007. The newlyweds purchase a house on Jan 13, 2010. The taxpayer still owns his original home but now live in the new home with the wife. It has been 2 years and 8 months for the wife since she owned the home. So am I reading that since they got married and purchased the house together in 2010 and he still owns his house and it has not been 3 years - they do not qualify for the $6500?
The income and all other stuff will let them qualify except if reading it right - throws it out for both that it has not been 3 years or am I just too tired of reading these laws that keep changing.
Any input cause they are saying they qualify....so stressed.
Thanks
The income and all other stuff will let them qualify except if reading it right - throws it out for both that it has not been 3 years or am I just too tired of reading these laws that keep changing.
Any input cause they are saying they qualify....so stressed.
Thanks
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