Unfortunately, unless this house can be considered your primary residence, it has to be a second home which is investment property. To consider it a personal sale for the exclusion: you must have
owned your home and used it as your main residence for at least two years in
the five-year period before you sell it. You also must not have excluded
another home from capital gains in the two-year period before the home sale. If
you meet those rules, you can exclude up to $250,000 in gains from a home sale
if you’re single and up to $500,000 if you’re married filing jointly.
