Legal Question in Real Estate Law in New York
how are the 5 years calculated towards capitol gains
when selling a home, is it tax returns
Asked on 6/18/10, 4:02 pm
1 Answer from Attorneys
Arnold Nager
Arnold H. Nager, Esquire
You must have resided in the home for two of the five years prior to sale, not necessarily continuously.
Answered on 6/20/10, 4:34 pm