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    3. I asked a question regarding capital gains. Fish girl had the question. I cannot locate the answer, please help.
    I asked a question regarding capital gains. Fish girl had the question. I cannot locate the answer, please help.

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    +1  Views: 224 Answers: 1 Posted: 12 years ago
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      1 Answer

      fish girl
      Karma: 90270


      The property is worth a lot more today than it was when you purchased especially with the upgrades. Capital gains tax is the taxes you will have to pay within a certain period of time once you sell the property for a profit. If you reinvest in another property you can avoid this tax.

      12 years ago. Rating: 4
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        powellbay1@verizon.n

        Does the money spent for the upgrades reduce the amount of profit. Does age enter into capital gains.
        commented 12 years ago
        powellbay1@verizon.n

        Does the money spent for the upgrades reduce the amount of profit. Does age enter into capital gains.
        commented 12 years ago


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