US EditionSix Tax Issues to Consider if You're Getting a Divorce - DWC CPAs and Advisors
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Six Tax Issues to Consider if You're Getting a Divorce - DWC CPAs and Advisors
Divorce brings personal challenges, but addressing tax concerns is crucial to minimize taxes and make informed decisions. Here are six key tax issues to consider. Personal Residence Sale In a divorce, couples can avoid tax on up to $500,000 of gain from selling their home if it was their principal residence for two of the past five years. If one spouse moves out but remains an owner, they can each exclude up to $250,000 of gain on a future sale,…
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