Asked by Brenda, Albertville, AL • Mon Apr 7, 2008
capital gains tax. How is that decided?
Let's say I paid $95,000 for the property and I have made improvements that will hopefully get $113,000 for it. Does anyone have any idea how much the capital gains tax would be? I am selling it FSBO, have made around $5000 in improvements and will have spent around $200 for advertising. I live in Alabama. Thank you for your help.
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