Inheritance property has been sold within 2 years , In that case Long term Capital Gain applied or short term???
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Quick Summary
This discussion clarifies whether selling an inherited property within two years of receiving it triggers short-term or long-term capital gains tax. The general rule is that long-term capital gains apply if the total holding period exceeds two years. However, specific rules may apply to inherited assets, and it's important to understand these to correctly calculate any tax liability.