01-26-2021, 10:36 PM
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#11
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Senior Member
Join Date: Sep 2008
Location: Meredith Bay & LI, NY
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Quote:
Originally Posted by bigdog
TO Joey2665
FYI, This is a second home...
So if I read your response correctly between the lines, if I hold property for 'more than' one year than it would fall into normal capital gains tax of 15%, and NOT as ordinary personal income tax rate... Do I have this correct?
Thanks !
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That is correct.
Sent from my iPhone using Winnipesaukee Forum mobile app
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