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| Discuss what's fucking going on, and which programs are best and worst. One-time "program" announcements from "established" webmasters are allowed. |
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Thread Tools |
08-17-2005, 02:19 PM
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#1 |
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Confirmed User
Industry Role:
Join Date: Aug 2002
Posts: 9,752
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Anyone know about capital gains?
I got my houseabout 13 months ago at $510 now I am selling it for $620
Is there a way to avoid th gains tax or atleast can I buy another hours to avoid it? I have gooten several anwers so I was thinking fick it GFY might know  Also about how much is it for California? |
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08-17-2005, 02:28 PM
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#2 | |
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Confirmed User
Join Date: Dec 2004
Location: San Diego, moving to Portland.
Posts: 2,758
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Quote:
Figure out how much you put into the home fixing it up (and have reciepts for) and subtract that from the 110k. That will be your liability on the cap gains. Seeing as its less than 2 years ownership, you ron into an issue there too. I can hook you up with my tax guy if you have more questions. |
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