Toggle navigation
Toggle navigation
Home
DCUM Forums
Nanny Forums
Events
About DCUM
Advertising
Search
Recent Topics
Hottest Topics
FAQs and Guidelines
Privacy Policy
Your current identity is: Anonymous
Login
Preview
Subject:
Forum Index
»
Money and Finances
Reply to "how does cap gains tax work for rental properties?"
Subject:
Emoticons
More smilies
Text Color:
Default
Dark Red
Red
Orange
Brown
Yellow
Green
Olive
Cyan
Blue
Dark Blue
Violet
White
Black
Font:
Very Small
Small
Normal
Big
Giant
Close Marks
[quote=Anonymous][quote=Anonymous]Bought house $1M Sells house $1.5M Gross 500,000 minus: any work done on house... painting, new floors, new roof, new water heater, new air conditioner, etc Net: XXX Pay capital gains on that. Is that correct?[/quote] No. The work done was deducted in the year it was accured, on her Schedule E. Then you left off depreciatino, which needs to be recaptured at sale time.[/quote]
Options
Disable HTML in this message
Disable BB Code in this message
Disable smilies in this message
Review message
Search
Recent Topics
Hottest Topics
