Divorce
Divorce & Your Home: Smart Moves to Minimize Capital Gains Taxes
Anthony Lane
Navigating divorce and your home involves crucial tax decisions. This guide, written in a friendly, authoritative tone, breaks down how to minimize capital gains taxes. Learn about the $250,000/$500,000 home sale exclusion (Section 121) and how it applies when selling before, during, or after a divorce. We cover tax-free buyouts (Section 1041), the importance of cost basis, and how a well-drafted divorce decree can protect the financial future of both spouses.
