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Under the circumstances, the condo qualifies as a "vacation home", rather than as rental or investment properly. Hence losses are not deductible, but gains are taxable.
As you allowed your parents to stay in the home rent free; as, presumably, the real estate taxes do not correspond to market rent, it is as if you, youself, used the property. Hence, it's a second home for personal use.
On the face of it, the loss of appoximately $49,500 would be non-deductible, and your new basis would be $152,000. You could make a case that your new basis should be $201,500 under the wash sale rules, but I'm not entirely sure the IRS would concur.
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FYI. Mr. Rubin's answer is correct. Despite that I will forward this for a refund.