Mlbarnett50
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Thank you this answered my question.
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We sold our house for $775,000 but the purchase price was 600,000. The capital gains is $175,000, correct?
Activity Feed for Mlbarnett50
- Posted Re: We sold our primary residence and bought another house with the proceeds. Can we also deduct building/remodeling expenses on the new house as part of the purchase price? on Deductions & credits. January 29, 2022 5:02 AM
- Cheered Re: We sold our primary residence and bought another house with the proceeds. Can we also deduct building/remodeling expenses on the new house as part of the purchase price? for Bsch4477. January 29, 2022 5:02 AM
- Posted Capital gains on Get your taxes done using TurboTax. January 26, 2022 9:20 AM
- Posted Capital gains offset on Get your taxes done using TurboTax. January 26, 2022 9:11 AM
- Posted We sold our primary residence and bought another house with the proceeds. Can we also deduct building/remodeling expenses on the new house as part of the purchase price? on Deductions & credits. January 26, 2022 8:17 AM