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Heidi bought a mountain chalet in 2017 for $150,000 and sold it in 2022 for $180,000. She bought a lakeside cabin in 2018 for $100,000
Heidi bought a mountain chalet in 2017 for $150,000 and sold it in 2022 for $180,000. She bought a lakeside cabin in 2018 for $100,000 and sold it in 2022 for $130,000. She lived full-time at the chalet in 2017 and spent an equal amount of time at the chalet and the cabin during the 5 years from 2018 to 2022. How should she designate her principal residence exemption for the year 2018 to minimize her 2022 taxable capital gains? True or False
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