: Getting a divorce? Three things to know about the marital home and capital gains
Dear Ms. MoneyPeace: I have a question about how to calculate the cost basis of my home.
I was married when my then-husband and I bought the house I still live in. Years later, we divorced, and as part of the settlement, we had the house appraised to get the market value. I refinanced the house and paid my husband his half of the equity as part of the divorce settlement, as I wanted to stay in the house. So now, if I were to sell the house, do I base my half of the cost on the original purchase price, and the other half of…
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