Legal Question in Real Estate Law in Florida
My spouse and I are relocating to Florida from New England. We will have capital gains from the sale of our current home. How long do we have to reinvest the capital gains into a new property before the money is taxed?
Asked on 3/05/11, 11:41 am
1 Answer from Attorneys
John Harmon
The Law Office of John W. Harmon
45 days to do a 1031 exchange. Are you sure you will have a captial gain that is not exempt?
Answered on 3/05/11, 1:10 pm
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