February 27th, 2008, 16:31
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#9 |
| Senior Member
Join Date: Mar 2004 Location: Chicago, IL
Posts: 770
| Re: Buying A House Quote:
Originally Posted by nsktrombone84 I would like to add, however, that no matter how you decide to take title, if you are married and filing jointly for 2+ years upon sale of the property, you get a $500,000 captial gains tax incentive instead of the usual $250,000. Just something to think about  | Key word is "Married". There are benefits to having both names on the title then once you are married. But if you're just dating someone and you are both on the title it can get ugly fast if you break up.
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