Allowable expenses less capital gain

known expenses

  • Buying and selling commissions
  • Hire a lawyer
  • Fees and taxes paid on purchase
  • Property improvement expenses
  • Professional advice

Important

Keep receipts and references for all expenses. Without documentation - cannot be deducted.

Important Note: The information on this website is for general informational purposes only and does not constitute professional tax advice. Consult a qualified tax advisor before making financial decisions.