Sale of a 2nd home, purchased for parent to live close-by. Did not take rent; parent died. Do I qualify for exclusion of capital gains? It was not my main residence.

I purchased the home for my mom to live in rent free. I owned for approximately 3 years before she got sick and died. Can i qualify for exclusion of capital gains?

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1 Best answer

Level 15

Aug 28, 2023 6:07:57 PM

Sorry no. Has to be your primary home.

Level 15

Aug 28, 2023 6:07:57 PM

Sorry no. Has to be your primary home.

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Sale of a 2nd home, purchased for parent to live close-by. Did not take rent; parent died. Do I qualify for exclusion of capital gains? It was not my main residence.