powellbay1@verizon.n
1 Answer
daren1
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.
| 13 years ago. Rating: 4 | |
Does the money spent for the upgrades reduce the amount of profit. Does age enter into capital gains.
Does the money spent for the upgrades reduce the amount of profit. Does age enter into capital gains.
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