A married couple filing a joint tax return is eligible to exclude up to $500,000 of gain realized on the sale of a personal residence if both spouses meet the ownership test and at least one spouse meets the use test.One spouse must meet the ownership test and both must meet the use test.

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For a married couple filing jointly, both spouses must meet the use test, and at least one spouse must meet the ownership test to qualify for the $500,000 exclusion on the sale of a personal residence.

A Married Couple Filing a Joint Tax Return Is Eligible