JacquieS
New Member

2 year period for avoiding capital gains?

I bought my house 4/21/2020, and want to sell my house in order to buy a different property.  The new house needs a closing date of 4/21/2022 for the seller....how is the two year mark calculated for capital gains?  Does the 2 year (730 day count) start the day I bought my house 4/21/2020 and would end on 4/20 of this year - making my new close date ok to avoid capital gains?  Or do I have to close on the sale of my house after 4/21 in order to avoid capital gains?