We are recently married and this is our first year filing taxes together.
We are on the market for an investment property which we might sell within 5 years. We will not be living in it and will not qualify for the exemption.
My husband is currently unemployed…. And when he goes back to work hes still in a lower bracket than me. I’m thinking of filing separately and putting the house in his name so he can claim the gain when we sell and get that 15% or even 0% bracket.
Is it worth all this hoopla? Would it even work?
I’ve never been married and I haven’t sat down to do all the projections with kids involved and everything.
Just curious if someone’s looked at this before.
MFS to avoid cap gains on investment prop?
byu/Tinkerbell_5 intax
Posted by Tinkerbell_5