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Updated about 3 years ago,
Capital Gains Tax on Primary Residence
Hello Everyone,
I bought a house out in Huntsville, Alabama and moved in back in February of this last year. Our plan was to move out here, live in the house for 2 years, sell with the capital gains tax exemption and move back close to family.
We are now thinking about going back slightly earlier than expected. My question is, if we went back out to family and "vacationed" for a month or two before our 2 years was up, could we still qualify for this exemption?
Is there a certain amount of months we need to be here for it to be our primary residence?
Thanks,
Justin