Capital Gains Tax
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Posted by: mike1law 06/26/2004, 01:06:02 Edit

Darius, Please help me! I bought a NOO property for $50000, refinanced w cash out for $80000 1 yr later, then sold it for $100000 6 mo later. Will my capital gains tax be based on the original purchase price OR the refi amount?

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Re: Capital Gains Tax Karl 07/12/2004, 17:57:01 285 bytes