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 575 Views

Filter by State: 

Capital gains
Posted by: 450 Days Ago

Your profit would be $20k.

Need Help?

Or first time?
CLICK HERE

Top Ten Topics
  1. Withholding a Security/Damage Deposit (11 replies)

  2. Failure to return a signed lease (10 replies)

  3. What to do with my tenant (9 replies)

  4. Management Company Fees (8 replies)

  5. How much is enough? (8 replies)

  6. Are Tenant Screenings Worth the Cost? (8 replies)

  7. tenant breaking lease (7 replies)

  8. DO I need to use a lawyer? (6 replies)

  9. Newbie Question (6 replies)

  10. When to pay a contractor (5 replies)

View The Q & A Library

Pick a Category below: