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Subject:  Capital Gain on Residence Date:  10/19/1999  10:45 PM
Author:  miji Number:  19860 of 127617

I inherited an apartment just over a year ago (I was living in it before that also but ownership wasn't in my name). The housing market here is completely nuts and the apartment has appreciated quite a bit. What are the tax implications if I sell before I've officially owned it for two years? More than two years? I plan to buy something else immediately in either case.

Thanks in advance.
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