If You aren't equipped to invest the specified total during the method said earlier mentioned before the date of tax filing or one yr through the date of sale, whichever is before, deposit the specified sum in a community sector bank (or other financial institutions According to the Money Gains Account Plan, 1988).

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Alice Holbrook edits homebuying written content at NerdWallet. She has included personalized finance subject areas for nearly a decade and previously labored on NerdWallet's banking and insurance teams, along with accomplishing a stint about the copy desk. She's located in Ann Arbor, Michigan.