Understanding Capital Gains in Real Estate

When you sell a stock, you owe taxes on your gain — the difference between what you paid for the stock and what you sold it for. The same holds true when selling a home (or a second home), but there are some special considerations.  To see the formual on how to figure Capital Gains click on this link
http://www.cribbinrealty.com/reports/seller/understanding-capital-gains-in-real-estate.html.
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