What is the name of your state? New York or Maine
My husband and I have a condo in New York and a home in Maine. My husband works in New York, but, I spend 6 months out of the year in Maine and he often stays for weeks with me in Maine and works from his computer.
My question is....Is NY our primary residence, or is it possible Maine is our primary residence? Does it matter which one we claim to be our primary residence? What if we wanted to sell the Maine house but haven't owned it for two years? How would that affect us as far as capital gains tax goes? I have a bank account in Maine and pay gas, electric and satellite bills year round, not to mention tax. But, we live in neither house for the entire year. Please advise.
My husband and I have a condo in New York and a home in Maine. My husband works in New York, but, I spend 6 months out of the year in Maine and he often stays for weeks with me in Maine and works from his computer.
My question is....Is NY our primary residence, or is it possible Maine is our primary residence? Does it matter which one we claim to be our primary residence? What if we wanted to sell the Maine house but haven't owned it for two years? How would that affect us as far as capital gains tax goes? I have a bank account in Maine and pay gas, electric and satellite bills year round, not to mention tax. But, we live in neither house for the entire year. Please advise.