Unmarried couple buy a home together; one owner buys the other out and is now sole owner. If the sole owner sells prior to owning the entire home for 2 of 5 years would he still have to pay the gain on half of the proceeds? (even though they were unmarried they did everything by the book - both on the deed, both on the mortgage)
The sale was not because of job, health or any unforeseen events.
Thanks for your help.
The sale was not because of job, health or any unforeseen events.
Thanks for your help.
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