Home Selling in Laurens : Advice

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Jim Simms, Real Estate Pro in Louisville, KY
Jim Simms answered:
have land to sell. Do I pay taxes on sell price even if it just cover what I paid (incl. property tax)?
The type of gain, if any depends on the length of the holding period. Taxes do not add to the adjusted cost basis. Ask your CPA, good luck,
0 votes Share Flag Wed Feb 29, 2012 Home Selling in 29360
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