Topic: capital gains
I was wondering if the deposit that was put down on a rental property is deducted from the profit when you sell it. Example: If I bought a property for $80,000 and put $10,000 down; then sold it for $100,000...is my profit $10,000?
Posted by: grundsau Pennsylvania Relevant for: State Specific Post Pennsylvania 1 Replies 531 Views

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Capital gains
Posted by: 417 Days Ago

Your profit would be $20k.

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