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Investors & landlords
@BF85 - the mortgage(s) have nothing to do with determing capital gains. That is true for mortgage related costs incurred when purchasing the home and any costs related to refinances along the way or the payoff the loan.
Capital gains is simply:
1) selling price less selling costs (the commission is normally the "big one".)
minus
2) purchase price plus capital improvements.
‎June 13, 2023
1:14 PM
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