If I am selling a house in Florida that I have owned for several years that has been resided in only by my disabled daughter, am I still eligible for the tax exclusion?
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If I am selling a house in Florida that I have owned for several years that has been resided in only by my disabled daughter, am I still eligible for the tax exclusion?
MY disabled daughter has resided in the house for the entire period of my ownership.
If I am selling a house in Florida that I have owned for several years that has been resided in only by my disabled daughter, am I still eligible for the tax exclusion?
No, it must have been your personal main residence. While you won’t have depreciation issues of it was just a second family home and not rented, you will still owe capital gains tax.
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