What are the rules that determine 'primary residence'. Is it the address from which you file your taxes? Are there other guidelines other than 'where you spend most of your time'. Surely the IRS has some qualifiers.
by 
Luucie
ANSWERS: 2
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I would really recommend you check out www.irs.gov or seek a professional tax accountant. If there is even a question in your mind about what is considered "primary residence", it will be in the IRS's mind too, and the dollar amounts possible in capital gains are far too large to be left to chance, or a general q&a forum.
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Not necessarily. It's where you live most of the time. If you have nowhere that you live more than six months and a day per year, then you get to decide what you call home. But I'd play safe... use an address that you can support with evidence such as car insurance address, utility bills, or bank statements. If you are concerned about a capital gain from a rental property sale -- then the property must have been your primary residence for 2 of the past 5 years. Utility bills, phone bills, insurance receipts -- these can all be used as evidence that you lived somewhere.
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