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Updated over 11 years ago on . Most recent reply

Kumar R's profile image
Kumar R's profile image
Kumar R
  • from Lombard, Illinois
  • Member since Oct 14, 2012
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12
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2
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Kumar R's profile image
Kumar R's profile image
Kumar R
  • from Lombard, Illinois
  • Member since Oct 14, 2012
Connect
Kumar R
  • Lombard, IL
2
Votes |
12
Posts
Buying & Selling Real Estate

Long Term vs. Short Term Capital Gain

Kumar R
  • Lombard, IL
Posted

Closed on a condo on 11/09/2012. Was rented for a year lease, but the tenant moved out (left without paying some rent) before the end of the lease. Now I decided to the sell the condo and closing date is on 11/11/2013. Would this be a long-term gain? Just want to confirm there no weird one year plus x days rule. thanks.

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