What is the name of your state?What is the name of your state? VA
I owned a condo in which my parents lived for about ten years. I paid the mortgage most of the time, they made a payment on occasion. When my father died I sold the condo so my mother could live in a retirement home near me.
Do I owe capital gains on this sale? Although I did not reside in the home it was not an investment property either, I made nothing on it.
Thanks!
I owned a condo in which my parents lived for about ten years. I paid the mortgage most of the time, they made a payment on occasion. When my father died I sold the condo so my mother could live in a retirement home near me.
Do I owe capital gains on this sale? Although I did not reside in the home it was not an investment property either, I made nothing on it.
Thanks!