Calculate Capital Gains
When you sell a stock, you owe taxes on the difference between what you paid for the stock and how much you got for the sale. The same holds true in home sales, but there are other considerations.
How to Calculate Gain
|Your home’s original sales price when you bought it (not what you |
brought to closing).
|Additional costs you paid toward the original purchase (include transfer fees, attorney fees, and inspecti...|