Discussion:Capital Gains 2 year end date

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Discussion Forum Index --> Tax Questions --> Capital Gains 2 year end date

KerryU (talk|edits) said:

10 January 2007
When signing a contract to close on a real estate deal, am I considered satisfying the 2 year time frame for capital gains at the signing date, or at the closing date?

JR1 (talk|edits) said:

January 10, 2007
It's one year...and closing date.

Deback (talk|edits) said:

January 10, 2007
Yes, closing date. But it's two years, if you're referring to the Sec. 121 exclusion on a sale of a personal residence.

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