My question involves real estate located in the State of: California
My aunt passed away in April 2019 and left my two siblings and I her home. Iíve lived in the home nine years while she was in assisted living. We sold it this past January for $150K over what it was worth at the time of her death.
My question is: do I qualify for capital gains tax exclusion since Iíve lived in the home over two years, without owning it? Do I need to meet both requirements? I assume Iíve only legally owned it since DOD.