I purchased a home in 1997 for $73,800 as my primary residence. I began renting the property in 2002 and at that was worth $165,000. If I was to sell the property today, which number would be used to calculate my capital gains tax?

More Questions. Additional questions in this category.

• 

  What is capital gains tax on real estate?
  by Answerbag Staff on May 4th, 2010 | 1 person likes this

• 

  I recently sold an investment property and want to purchase another home for retirement in another country while keeping my current residence will I be required to pay capital gains tax on the profit of the investment property if so what percentage?
  by crossi on January 23rd, 2009 | 1 person likes this

• 

  Do I have to pay capital gains tax on the sale of a property i lose money on it
  by NJMagpie on June 10th, 2010 | 1 person likes this

• 

  My mother bought a house in 1996 for $110,000 cash. With provisions that upon her death, (in 2002), the house would automatically be put into my sister's and my name. In 2002, the house was worth $270K. We are selling it, do we need to pay capital gains?
  by Anonymous on February 17th, 2009 | 1 person likes this

• 

  bought home with mom 3yrs ago 78K,She put down 16K,I took 46K mort, govt paid rest(imm domain). What capital gains if we sell for 80000
  by dstevens73 on May 4th, 2010 | 1 person likes this

• More Capital Gains Taxes on Property See only professionally researched Capital Gains Taxes on Property questions