The conversation between human and AI assistant.
Should I sell my real estate investments now or later?
That's helpful. Do you have any advice on tax implications if I sell now versus later?
It's wise to consult with a tax professional for personalized advice, but generally speaking, if you own the property for more than a year before selling, you'll be subject to long-term capital gains tax rates. Short-term capital gains tax rates apply if you sell within a year of owning the property. Does that information help?