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Investors & landlords
No. If you sold it for 100,000 and your cost basis is 50,000 your gain is 50,000. If you add 10,000 to the cost basis then your cost is 60,000 and the gain is reduced to 40,000 (100,000-60,000). The capital gain is the profit.
‎July 12, 2023
7:39 AM
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