Sale of principle residence 5 yrs after buying a 2nd principle residence. Is the 1st vacant residence still considered the principle residence at the time of sale?
Sale of principle residence 5 years after buying a 2nd principle residence. Moved out of the 1st place due to health reasons. It's taken 5 years to remediate the vacant house due to financial constraints.
Is the 1st residence still considered the principle residence at the time of sale, or is Capital Gain incurred for the last 5 years?
The 1st house was not rented out during this time.
Sale of principle residence 5 yrs after buying a 2nd principle residence. Is the 1st vacant residence still considered the principle residence at the time of sale?
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