BillM223
Expert Alumni

Get your taxes done using TurboTax

The capital gain is $2k. 

 

Realtor fees are subtracted from the sales price when calculating the gain, so (($425k-$26k) - $397k) assuming you don't have an adjusted basis.

 

P.S., capital gains taxes are not anything to be afraid of - capital gains are taxed at a lower rate then ordinary income.

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