calculate capital gains: Will You Owe Capital Gains When Selling Your Greenville NC Home
- 01/18/10 12:31 AM
Something to consider when selling your Greenville NC home is the Capital Gains ramifications. Will you owe Uncle Sam money after the sale of your Greenville NC home? Capital Gains are calculated as the difference between what you paid for your property and what you sell it for. Here is how you calculate your Capital Gains.
Calculating Capital Gains
(+) PURCHASE PRICE - Price paid for property
(+) COST OF PURCHASE - Transfer fees, attorney fees, inspections
(+) COST OF SALE - Repairs, commissions, attorney fees, inspections
(+) COST OF IMPROVEMENT - Room additions, deck, for example, though not replacing existing
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Something to consider when selling your Greenville NC home is the Capital Gains ramifications. Will you owe Uncle Sam money after the sale of your Greenville NC home? Capital Gains are calculated as the difference between what you paid for your property and what you sell it for. Here is how you calculate your Capital Gains. 
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