Home appraised before renting for $820k. If it sells for $920k is agent comm, legal fees, & mortgage discharge fees tax deductible? What will be total capital gains tax?
Home appraised before renting for $820k. If it sells for $920k is agent comm, legal fees, & mortgage discharge fees tax deductible? What will be total capital gains tax?
The home was my primary residence for 3 years and I rented it for 1.5 years. Before rending I had it appraised for $820,000. If it sells for $920,000, are agent commission fees (both buyers and sellers) that I will pay, Legal fees, and Mortgage discharge penalty (3 month interest) tax deductible? What will be my total capital gains tax?
Home appraised before renting for $820k. If it sells for $920k is agent comm, legal fees, & mortgage discharge fees tax deductible? What will be total capital gains tax?
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