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You mean like, "Best Wishes" or "Yours Truly" or "Much Love?" Yes, you capitalize both words.

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The above is incorrect. You do not capitalize anything other than the first letter of the lead word.

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Ah, yes. That's right. Both words are capitalized if it's a business or formal letter, not a friendly/informal letter. I got the two confused.

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Q: Do you capitalize the first letter of both words the closing o a friendly letter?
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