My mother bought a condo in 2016 cash as a secondary family home, I have lived in in since 2020, however she quitclaimed it to me entirely in 2022. I am selling it now, To avoid capital gains i would needed to lived in the property for 2 years (which i have), but it also says owned it for 2 years. Does the time my mother owned it prior to the quitclaim transfer count toward the 2 year ownership requirement?
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No.
No, because *you* have not legally owned the property for at least two years.
Also, since she was alive when it was quit claimed to you, your cost basis will be your mother's cost basis since it was most likely less than the FMV at the time it was quit-claimed to you.
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