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Updated almost 3 years ago on . Most recent reply

Tax question for next year
If the rehab on an investment property took several years, what is considered the capital gains when I sell (in GA)?
Ex : Bought for 5k, invested 90k(2019-22)... sold 100k(2022-23)
Most Popular Reply

@Cedrick Givens not positive what you are asking, but first answer is long term capital gains. Next answer is you would only be paying on $5k on this deal. Not a great investment.
Good Investing...
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