Heidi bought a mountain chalet in 2019 for $150,000 and sold…
Heidi bought a mountain chalet in 2019 for $150,000 and sold it in 2024 for $180,000. She bought a lakeside cabin in 2020 for $100,000 and sold it in 2024 for $130,000. She lived full-time at the chalet in 2019 and spent an equal amount of time at the chalet and the cabin during the 5 years from 2020 to 2024. How should she designate her principal residence exemption for the year 2020 to minimize her 2024 taxable capital gains?