Capital Gaines

We are thinking of buying a second home as an investment and would like to sell asap. Do we pay capital gaines on the difference between the purchase price( including improvements) and the selling price or are the improvements not a factor with capital gaines ?
WA state

Comments(1)

  • DaveT31st March, 2004

    Yes, your taxable profit does take the cost of your improvements into consideration.

Add Comment

Login To Comment