Business, 17.03.2020 01:25, naiomireyes74p2aybs

Michael sold his house for $330,000 and had $33,000 in closing costs. His beginning basis was $187,000 and he spent $68,000 on capital improvements. What is Michael's capital gain for tax purposes? (assume he doesn't qualify for an exclusion)

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Michael sold his house for $330,000 and had $33,000 in closing costs. His beginning basis was $187,0...