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    When one spouse deeds the home to the other, the basis is carried over and therefore, the possible gain.
    • No gain or loss is recognizable on the transfer of the residence if related to the end of a marriage
      • Treat as a gift
      • No gift tax due
      • The transfer must be within 2 years before divorce or 1-year following
    • No change in basis; carryover basis to recipient.

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