My wife and I bought a home and closed in 6/15/2020, then leased the home back to the previous owner for one month until 7/15/2020. Would our two year clock to avoid cap gains tax start as of the close date of 6/15 or as of 7/15 when the lease back was over? Thank you in advance for any help on this!
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My wife and I bought a home and closed in 6/15/2020, then leased the home back to the previous owner for one month until 7/15/2020. Would our two year clock to avoid cap gains tax start as of the close date of 6/15 or as of 7/15 when the lease back was over? Thank you in advance for any help on this! submitted by /u/chubbs79 [link] [comments]
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