Capital gain

Profile picture for hugoa1953
How much is my capital gain tax in a property sold for $76500 purchased in January 2011 for &54000?
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May 24 2011 - Maitland
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Answers (1)

Profile picture for wetdawgs
$76500 - $54000 = $22,500 minus costs (such as capital improvements, real estate fees etc).   The IRS has a good pamphlet on the subject.
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May 24 2011
 

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