Business, 18.03.2020 22:01 paulesparsa6

Drew sold his house for $99,000 and had $9,000 in closing costs. His beginning basis was $45,000 and he spent $14,000 on capital improvements. What is Drew's capital gain for tax purposes? Drew does not qualify for an exclusion.

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Drew sold his house for $99,000 and had $9,000 in closing costs. His beginning basis was $45,000 and...