To accurately calculate real estate capital gains, always keep track of the capital improvements on your property. When you sell the property, you will need to add these amounts to your total purchase cost and subtract that from the net sales price. Of course, you may have your homestead exclusion to apply against this as well. #TuesdayTip
Real Estate Capital Gains by Robin A. Lloyd, Sr., J.D.
Posted by RLA News and Press
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