Carlos bought a building for $113,000 in 2010. He built an addition to the building for $26,000.
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Question:
Carlos bought a building for $113,000 in 2010. He built an addition to the building for $26,000. In 2014, he sold it for $186,000. What was his long-term capital gain?
$113,000
$47,000
$73,000
$99,000
$186,000
Expert Answer:
Answer rating: 100% (QA)
Correct Answer b 47000 Purchase price 113000 Additions 26000 Tota... View the full answer
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