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August 29, 2023
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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.

  • August 29, 2023
  • 1 reply
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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?
Best answer by VolvoGirl

Sorry no.  Has to be your primary home.  

1 reply

VolvoGirl
VolvoGirlAnswer
Employee
August 29, 2023

Sorry no.  Has to be your primary home.