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| Re: Capital Gains Tax |  | ||
| Re: Capital Gains Tax -- mike1law | Post Reply | Top of Thread | Forum |
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Posted by: Karl 07/12/2004, 17:57:01 Edit |
Capital gains tax is based on the difference between the cost (which is the purchase price plus the cost of any capital improvements) and the sales price. Refinancing, w/cash out, has no effect on how the tax is calculated. Don't forget to add back any depreciation taken previously. |
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