Alex used the § 121 exclusion three months prior to his marriage to June.If June sells her principal residence four months after their marriage, she cannot use the § 121 exclusion.

Question

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The § 121 exclusion allows each spouse to exclude up to $250,000 of gain from the sale of their principal residence, provided they meet the ownership and use tests. Since June is selling her principal residence after their marriage, she can use the exclusion if she meets the requirements independently.

Alex Used the § 121 Exclusion Three Months Prior to His