She Owns The House

Expert, localized Los Angeles answers provided by Heather Roy

She Owns The House
	Dear Ms. Lank: The deed for my husband's and my house is only in my name. We file joint income tax forms. We have lived there over two years. Can we claim the $500,000 in tax-free profit even though his name is not on the deed?

	If both spouses meet the occupancy requirement – and it sounds as if you do – then the full homesellers tax exclusion is available even if only one meets the ownership requirement. In other words, the answer to your question is “yes”.
	Edith Originally published on September 25, 2005

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