Hi.
I live in Florida (been here 10 years) and this has been my primary residence.
In 2021, I bought a 2nd home / vacation home. This 2nd home has never been rented out or anything like that. The primary purpose of buying it was to have a guaranteed evacuation spot in case a hurricane was going to bear down on us. Secondary purpose was t go up to it and enjoy the great food in the area along with the pool at the community.
So my question is, can I use the "gains" from the sale of the 2nd home / vacation home to make improvements to my primary residendce and avoid payiing capital gains om those gaints.
Thank you!!
Richard.
