Capitol Gains - selling second home

[Brett Stec]

Hi all,

Wondering if there is a way to get out of paying capital gains on selling a second home for personal use. This is for my mom, who has been a snow bird in Port Richy, FL at this property for a little over 6 months each year for the last 6 years, but still maintains Pennsylvania residence status. Any insight here would be much appreciated. 

[Jake Drum]

Sorry to hear about your father. 

If they owned the property jointly she should get a step up in basis for his half of the ownership. or if he owned it outright and she inherited it, I believe she would get a full step up.