Depending on the exact circumstances, OP might still be eligible for $250K worth of capital gains exclusion on the house sale.Since the house has been paid off I'll presume it's got some capital gain if sold. Seems like a capital gain exclusion of up to $250K might be valuable to each you and your spouse, If you keep the house for the kids sake she and you both lose that. That potential capital gain exclusion might be helpful in your current situation. If you sell the house you will have greater job mobility for accepting the next position. It would be a shame if you bought out your spouse (with some financing cost) and then had to sell shortly thereafter due to a career opportunity.
Statistics: Posted by secondcor521 — Thu Sep 12, 2024 12:49 am — Replies 25 — Views 4268