Have a quick capital gains question that I've researched a bit but haven't found a definitive answer. I know this is a bow hunting forum but we have some smart people roaming around here and plenty in the real-estate realm.
We have a lot that we were gifted a while back in a neighborhood. We had planned to build on it but decided otherwise and want to sell. Since it was a gift and we have had it for less than 2 years will we still pay full capital gains %%%.
We have a lot that we were gifted a while back in a neighborhood. We had planned to build on it but decided otherwise and want to sell. Since it was a gift and we have had it for less than 2 years will we still pay full capital gains %%%.
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