Only primary residence has captain gain exemption. Second home, vacation home and rental properties are all categorized as "investment property" and their gains are taxed.
The 200 mile distance, the 3 month rental in a year is irrelevant to the answer.
Primary residence.
Only primary residence has captain gain exemption. Second home, vacation home and rental properties are all categorized as "investment property" and their gains are taxed.
The 200 mile distance, the 3 month rental in a year is irrelevant to the answer.
https://www.irs.gov/publications/p936#en_US_2020_publink1000229900