minus-squarepneumaticFax@lemmy.worldtoA Boring Dystopia@lemmy.world•This boomer couple would be hit with $700,000 tax bill if they sold their mansionlinkfedilinkarrow-up7arrow-down1·9 days agoAnd any capital improvements will lower that ‘profit’ too. So anything from a new water heater to a new roof can be used to raise the cost basis of the home lowering the tax paid. linkfedilink
And any capital improvements will lower that ‘profit’ too. So anything from a new water heater to a new roof can be used to raise the cost basis of the home lowering the tax paid.