Tax Implications of Holding Title to a House as Tenants in Common
Hello, my wife and I are buying a house and looking to hold title as tenants in common, as we have a prenup that states that we don't have community property. The question is whether we'd still qualify for the $500K capital gains tax exemption should we sell and not be on title as husband and wife community property. If not, do we lose that exemption entirely? thank you!
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