What calculation is used to determine the capital gain on an investment property? Depreciated value plus improvements
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Question:
What calculation is used to determine the capital gain on an investment property?
Depreciated value plus improvements minus realized selling price
Adjusted basis minus the realized selling price
Original purchase price minus the depreciated value
Realized selling price minus recaptured depreciation and adjusted basis
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
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