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54 EC Capital gain bonds

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Rani

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320 Points Posted on 18 May 2023

Hello,

Inherited property sold. Trying to get FMV as on April 1, 2001. If the seller invests an amount greater than the capital gain will there be any issues? Need to invest before the 6 month period. Are these bonds available throughout the year?

Thanks

Replies (2)

Quick Summary

This discussion addresses questions about investing in 54EC Capital Gains Bonds following the sale of inherited property. Key points include determining the Fair Market Value (FMV) as of April 1, 2001, and confirming that investing an amount exceeding the capital gain is permissible. The availability of these bonds is also discussed, noting they are generally not issued during April-June due to the next series being prepared.