New Construction Tax Considerations

[Brian Rudd]

Just finished construction on a duplex that I have a construction to primary residence permanent loan on with intent to occupy but after construction my life situation has changed and now I’m looking to sell.

I know that flipping, or homes built with the intention of sale are considered inventory and taxed as reg income but this wasn’t and I have owned the asset for over a year though I have NOT owned the completed home for a year. long-term or short-term cap gains?