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Joy purchased a home in Maine on December 15, 1997 for $250,000 and lived in it full-time until she purchased a second home in Florida
Joy purchased a home in Maine on December 15, 1997 for $250,000 and lived in it full-time until she purchased a second home in Florida on October 1, 2010 for $380,000. In 2010 and 2011 she continued to have her primary residence in Maine. On October 1 2012, however, she changed her primary residence to Florida. She needs to sell one of these homes before the end of 2015 as she needs cash for an investment opportunity. If she expects a minimum gain of $200,000 on either home, which home do you recommend she sell?
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