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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?
‎February 24, 2022
11:21 AM