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Updated about 11 years ago,
2 out of 5 year tax question.
My daughter and son-in-law were given a house as a wedding present, (nice I know) when can they sell it, and not pay capital gains. An uncle bought it and they moved in, they have lived there for 2 years but only took title of it in May. Does their 2 years start when they moved in or when they took title? They have rehabbed it and are anxious to do the next one!
- Shelli Callan
Shelli Callan Broker with Ideal Real Estate