tax consequences of selling a home during a divorce – The Burns Firm

Divorcing Homeowners: What About the Vacation Home?

October 15th, 2020|Categories: Accounting, Burns Firm, Services, Tax, Tax Credits, Tax Deductions|Tags: CPA Dallas, divorce and the vacation home, do we need to sell our vacation home if we are getting a divorce, how to divide homes in a divorce, tax consequences of selling a home during a divorce, The Burns Firm, who gets the vacation home in a divorce|

Only principal residences qualify for the home sale gain exclusion break. So, there are no special tax breaks if you sell a vacation home before or after a divorce. While [...]