Somewhat of a complicated situation. Back in 2020, my wife and I moved into my parents' house, and they moved into town due them being unable to keep up with the maintenance of said property. They added me to the deed, and we lived there for approximately 2 1/2 years. It got to the point where my wife and I could no longer afford the mortgage of the property and sold the property and moved into to town as well. Since the property was in my name and we legally lived there for the 2 1/2 years (had utilities in my name. etc.) do we need to pay any taxes on the profit of the house? It was well under 250k.
