Single spouse, with husband died 14 months earlier qualify 500,000 exemption. Did you know qualifies for 500,000 excl?ProSeries
Sale of home by widower spouse died 14 months earlier. Does wife filing single qualify for 500,000 exemption.
I talked to ProSeries suport 1-800-3747317 and the answer was yes qualifies for 500,000 exclusion. I am not so sure especially because of question 14. But am getting more and more confident that widow filing single does qualify for 500,000 exclusion given the circumstances of husband dying 14 months before sale of home.
Home Sale Worksheet question 11 refers to if married at any time. It does not refer to present day filing status of single because husband died 14 months earlier. Answer yes.
Home Sale Worksheet question 13 if married is also answered for same reason as question 11. Answer is no because no gain was previously excluded before the sale of the home.
Home Sale Worksheet 14 "Did you (or your spouse if filing a joint return) own and use the property as your main home for a total of at least two years of the 5 year period before the sale? See instructions for exceptions." Answer is yes.
Home Sale Worksheet question 16 is checked because question states "Check if you are a widow(er) who has not remaried, AND the homesale was within 2 years of your spouses death AND your spouse qualified for the exclusion immediately before their death.