Updated over 11 years ago on . Most recent reply
gain on sale from Tax Lien - LT or ST?
I got a piece of land from a tax lien that did not redeem. It's been 1 year and 3 months since I bought the tax lien, but only 2 months since the deed has been recorded in my name (1 year redemption period in this state). If I sell the land, will it be a Short Term or a Long Term Capital Gain for tax purposes?