The sale of the condo would be treated as a capital gains sale since you did not live in it for 2 out of the 5 years before the sale. Spending weekends at the home would not make it a primary residence, it would make it a second home which the sale of a second home is treated as the sale of an investment property subject to capital gains.
You would still enter it as a home sale using your form 1099-S. You will be asked whether you ever rented the home or was it used for anything other than your residence. Answer yes, that you used it as a rental to make your reporting of the sale the most accurate.
To enter the Sale of a Home select the following:
- Federal
- Income
- Sale of Home under Less Common Income
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