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re: Sold house/tax question
Posted on 6/16/23 at 11:26 am to Drizzt
Posted on 6/16/23 at 11:26 am to Drizzt
quote:
Sold for $232k. So minus $155k leaves $77k as basis.
No. You purchased at $155K...that is your basis (plus any improvements, less any depreciation deductions taken).
$77K is your capital gain
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