- My wife purchased the property from a private lender before marriage in 2015. She moved into my house when were dating in 2017. We’ve got married in 2018 and decided to sell the property that she had. After/during marriage, we combined all our bills together from both of us pay checks. So we’re paying the mortgage of that house together for a while until we decided to sell the property in 2018. We made the profit out of this property and paid that amount towards the current house we living in (The house she moved in).
She purchased the house for $35000. She had paid only $14000 before marriage. Then we made some repairs to the house $2000 with some mortgage payments upto worth of $4500 and Sold house for $105,000. leftover balance for the house was paid from sold amount.
Question:- The amount of profit that we got after selling that property, is it considered to be hers only or our joint?