Proving Home Is Primary Residence
REM #A747
By Ilyce R. Glink
Summary: A ThinkGlink reader wonders how he can prove he has lived in a home for 24 months in order to avoid capital gains tax. Ilyce explains what he needs to show the IRS if they audit him.
Q: What proof do we need to show we have lived in a house for 24 months in
order to avoid capital gains tax? We have never registered to vote in our district.
A: You don't need to show proof unless the IRS comes calling. If it does, you will need voting records, phone records, and mail records along with other evidence that you lived in the property as your primary residence.
You could also prove that this is your primary residence by keeping a calendar
of how many days per month or year you lived in the property.
NOTE: This column is distributed by Real Estate Matters Syndicate, PO Box 366, Glencoe, Illinois, 60022. This column may not be resold, reprinted, resyndicated or redistributed without written permission from the publisher.
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