Thank you for your response. So our initial purchase price of the condo was $363,000, and the land value at that time was $75,000.
We put about $6000 in improvements over the course of owning the property.
Our closing costs were app. $20,000.
We sold our condo for $490,000, with a land value of $145,000 at the time of sale.
Can you help with the calculations with these numbers? Thanks.
