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Deductions & credits
The information from the title company will probably not help you.
Refinancing does not figure into the calculation of the gain.
All you need to know is what your paid for the house originally, plus the cost of major improvements and additions. And you need to know the sale price and expenses of sale.
Keep in mind that if you are certain that the gain on the sale is under the $250,000/$500,000 limit, none of the gain is taxable.
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March 7, 2020
12:50 PM
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