If I sell my home for less than market value, do I pay capital gains tax on the selling price or the home's fair market value?
by 
TanCas
ANSWERS: 1
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After considering the cost of buying and selling, and the purchase and selling prices, capital gain (loss) is the net profit (or loss). If the selling price is much below market, it could raise red flags, for example as a possible gift, or undisclosed barter element of the sale, that will represent possible loss of revenue for tax agencies. since presumably the value is still there somewhere.
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