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Investors & landlords
@GeorgeDenseff wrote:Capital gains tax will be entered on the tax return for the year that the house sale was closed. The day you move into a new house does not matter.
I completely disagree. As you later said, it must be your Principal Residence for two years. In most cases, "Principal RESIDENCE" means that you live there.
‎September 23, 2021
8:27 PM