I understand you can save cap gains (up to 250K single) with the "2 out of 5" year rule if the place is your "primary residence". Anyone know the particulars of this? I have a motorhome to park there and live, will this qualify? I just got an address for the acreage, as well as called today about getting power run to the property, however my primary mail address is elsewhere...does that matter? How do they establish a "primary residence"? What criteria?
Thanks y'all! First post...GREAT site!