Carlos bought a building for $113,000 in 2010. He built an addition to the building for $26,000.

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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

Posted Date: Nov 18, 2021 09:27 PM

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Carlos bought a building for $113,000 in 2010. He built an addition to the building for $26,000.

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Expert Answer:

Correct Answer b 47000 Purchase price 113000 Additions 26000 Tota... View the full answer

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