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Bought my house when I was married back in 2012.

Hi. I got divorced two years ago approximately. I own a house free of mortgage. This was bought in 2012 when I was married. The property was given to me by my x . I basically cashed her out with a cashier check for the amount she requested and kept the house. Everything went through and judge signed, we signed and everything was finalized. It was peaceful. I was thinking about buying another house and renting this out but I don’t wanna miss out on tax free money bcs once it’s used as a rental, the tax benefits gone. I’m I correct? So it’s better to sell and get the tax benefit and then perhaps buy a rental if I want to. So my question is, now I’m not married, does the 500k capital gain applies or up to 250k ? Thx . I live in Missouri

submitted by /u/smooth-vegetable-936
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source https://www.reddit.com/r/RealEstate/comments/1grrd0b/bought_my_house_when_i_was_married_back_in_2012/
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