David C. asked
If I bought an investment property in 2012 for $32,000, sold it in 2022 for $280,500, and purchased another property six months later for $90,000, how does that affect the capital gains on the sold property? Additionally, what is the impact of spending $12,000 preparing the new property for rent?
December 26th, 2024
Melissa A. answered
The two transactions (sale of the old property and purchase of the new property) are unrelated and i...
December 26th, 2024
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