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re: Capital gains questions

Posted on 4/12/24 at 12:37 am to
Posted by Weagle25
THE Football State.
Member since Oct 2011
46251 posts
Posted on 4/12/24 at 12:37 am to
New capital improvements add to your original basis.

Any depreciation you’ve taken as an expense lowers your original basis. When calculating your gain, a portion would be ordinary due to recapturing that depreciation.
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