- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Deductions & credits
@Mike9241 - thanks for the link.
From the link:
"If the taxpayer maintains more than one residence and divides their time on a seasonal basis between those residences, the dwelling in which they spend more time would qualify as their principal residence."
the link references the same document and page as I referenced above,
What this means to me is the OP doesn't currently qualify for the capital gains exclusion on the NJ home.
May 31, 2023
4:15 AM