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Updated almost 2 years ago,
Tax advice for sale of rental property owner occupied
I’m in the process of selling moms house owner occupied for 60 years. Selling to pay for nursing home. After she moved to NH 3/2022 I rented all three apartments for 2 years. Evicted them for no rent and refusing to let me show house. Mom lived there 2 years of the last 5. Prior to NH placement she only rented one apartment. 3rd floor was used for storage. 3 Garages werenot used by tenants. How do I determine basis to pay as little capital gains tax as possible? How much of the 250k can she claim? I know this is complicated. Ty