jbjadams
New Member

Capital gains on home sale

1. How do I figure actual profit aka taxable gain on the sale of my home?

2. In trying to figure actual profit/taxable gain from the sale of my home.....Can I deduct MY original closing costs when I bought my home, as well as my closing costs when I sell it?

3. What are all the costs I can deduct when I sell my home, so I can figure my actual profit and, therefore, my capital gains tax liability?