Aec1945
New Member

Sale of home

Bought duplex 1993 for $126,000 to live in one side and for parents to live in other side. Parents gave $50,000 to live for rest of their lives.  Duplex in my name only and I paid all taxes and insurance.  Parents paid own utilities.  Mother died 2024 so sold duplex for $300,000. Bought condo for $169,900. Was my residences all 31 years Do I owe any taxes?

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