Investors & landlords


@BoomBoomJ wrote:

Isn't this supposed to be considered "Long Term" rather than "Short Term"?   And ultimately, what difference might it make? 


Yes, the holding period for property acquired from a decedent is long-term. 

 

The difference is short-term capital gains are taxed at the same rate as ordinary income while long-term capital gains get preferential (LTCG rate) treatment.

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