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Capital Gains Tax on Real Estate: How It Works, Who …
WebJul 17, 2024 · The old property and the new property must both be held for investment or utilized in trade or business. 45-day identification period The IRC requires that the new property be identified within 45 days of closing the sale of the old property. The 45 days commence the day after closing and are calendar days. 180-day purchase period WebApr 12, 2024 · First, you sell an appreciated real estate investment property and realize capital gains. Then, within 180 days from the sale of the property, you reinvest only your gains in a Qualified Opportunity Fund (QOF). Once you reinvest capital gains, you become qualified for temporary tax deferral on your gains. boca raton bagels
Public Auction Sale: Selling for Duell and Mardell McDearmon …
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