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Updated almost 5 years ago,
short or long term capital gain
Hi All,
I ve hard time to find an answer to my question online,
I bought a vacant land in 2017, then built a house on it.
The construction, permit included took 2.5 years
So now, in 2020 the house is ready to sale.
Can I say that I improved my land with a new construction for almost 3 years
and assume I will have to pay a long term capital gain ?
or it will be a short term capital gain ?
Thank you