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Captial Gains Tax on house
We want to sell our house:
We purchased the land that our house on in May 2022 and made it our primary residence by living in a camper. During that time we started the process of designing and building house and a work shop.
The new house was completed in July of 2024 and we moved in.
Land purchase was $200,000
House cost about $700,000
Shop Cost of $80,000
We think we can sell it for $1,100,000.
How do we figure the Captial Gains tax?
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‎April 29, 2025
7:33 AM