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Updated almost 5 years ago on . Most recent reply

User Stats

58
Posts
12
Votes
Derek Larson
Pro Member
  • Investor
  • Traverse City, Mi
12
Votes |
58
Posts

Capital gains question owned 2 days short of 2 years

Derek Larson
Pro Member
  • Investor
  • Traverse City, Mi
Posted

Having a small freakout moment.  And if we would have know we might have done something a little different, but maybe it doesn't matter.

We were relocated out east, bought a house, then were relocated back the midwest for work.  Here's the question.  Out east we owned our house for 2 days short of 2 years- closing date to closing date.  We did have a decent amount of gains in that 2 year time.

Anyone know if we were moved for work, if we would be responsible for capital gains- we did purchase another house back in the midwest.   Or if 2 days short matters?

Thank you.

  • Derek Larson
  • Most Popular Reply

    User Stats

    58
    Posts
    12
    Votes
    Derek Larson
    Pro Member
    • Investor
    • Traverse City, Mi
    12
    Votes |
    58
    Posts
    Derek Larson
    Pro Member
    • Investor
    • Traverse City, Mi
    Replied

    @Carl Fischer -  thank you.  That helps.  Actually we sold in Phoenixville sort or in you neighborhood.  thanks again.

  • Derek Larson
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