Sale of second home that I lived in

[Nlubeck]

We sold our second home this year that we purchased in 2016. We never rented it out or claimed anything from it on our taxes. We did live it in 2 out of the past 5 years so does it qualify as sale of primary residence?

[tagteam · Accepted solution]

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@Nlubeck wrote:

We did live it in 2 out of the past 5 years so does it qualify as sale of primary residence?

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You must have used the home as your main home, not as a second home.

See https://www.irs.gov/taxtopics/tc701

[Nlubeck]

Yes, we actually did for 2.5 years. I accepted a job in 2019 at a company closer to that home and we lived up there during that time which was during the past 5 years. If I am understanding the IRS stuff, I think that would qualify it as my primary residence during that time?

[tagteam]

Yes, you would qualify if you owned and used the home as your main home for the last two out of five years leading up to the sale.

[Nlubeck]

thank you!