by Anonymous on March 27th, 2007

Anonymous

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I have arental property (10-years) Purchased for $44,000, selling for $140,000. Capital gain $96,000. What deductions can I use to recudce capital gains. I put $10,000 in upgrades this year. What about past years expenses?

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You're reading I have arental property (10-years) Purchased for $44,000, selling for $140,000. Capital gain $96,000. What deductions can I use to recudce capital gains. I put $10,000 in upgrades this year. What about past years expenses?

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