121 Exclusion, date of marraige

[D'Artagnan]

Clients are marrying and plan to sell one residence and purchase another.

They are aware that both must reside in Ressidence #1 for two years before the sale.

Has anyone read if, in our modern times, they must be married for all of the two years?

Emily Post

[DaveO]

Reduced exclusion available

If one spouse owned and resided in the house for 2 of 5 years they would qualify for the single exclusion of $250,000.

[veritas]

If they were living in sin for 2 out of 5 years and both owned the home for 2 out of 5 years prior to the sale they can both exclude $250,000.

[Unregistered]

Veritas,

Where do you get all of your quotes from?

I especially disagree with the one on the bottom of your post in this thread, but am always intrigued to see what will show up next.

[veritas]

If you register I will tell

[jainen]

not an element

Marriage is not an element of Section 121, except that only one spouse has to meet the ownership requirement. Each spouse must meet the residence test.

[sea-tax]

If you register I will tell

Hey Veritas I am registered tell me . I want to know.

[veritas]

Hey Veritas I am registered tell me . I want to know.

sent you reply by pm

[sea-tax]

sent you reply by pm

.

cool I will look at it.

[OldJack]

sent you reply by pm

Well....d-a-m-n Veritas.. Now we all want to know. Here it is bed time and I will be up all night wondering where those sayins come from.

[sea-tax]

Well....d-a-m-n Veritas.. Now we all want to know. Here it is bed time and I will be up all night wondering where those sayins come from.

old Jack you just have to ask nicely . "I know something you don't know"

[OldJack]

D--a--m--n!!!
Please, pretty please, with sugar on it! (d..a..m..n)

Everybody seems to know things I don't know. (d*a*m*n)

[sea-tax]

D--a--m--n!!!
Please, pretty please, with sugar on it! (d..a..m..n)

Everybody seems to know things I don't know. (d*a*m*n)

What does d*a*m*n* mean?

[OldJack]

What does d*a*m*n* mean?

d*a*m*n = I will be in your debt forever and I will give you my wife (please take her).

[sea-tax]

d*a*m*n = I will be in your debt forever and I will give you my wife (please take her).

Sounds like an old Rodney Dangerfield line