Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Tax, SDIRAs & Cost Segregation
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 7 years ago on . Most recent reply

User Stats

38
Posts
4
Votes
Michael Otis
  • Investor
  • Denver, CO
4
Votes |
38
Posts

203K Duplex Sale & Cap Gains

Michael Otis
  • Investor
  • Denver, CO
Posted

I bought a duplex financed by an FHA 203K loan on May 15th, 2016 and lived in it until December when I had to move and I started renting it out. I bought it for 115k and renovated it for about 35k within the 203k and another 5k of my own money. I have someone under contract to buy for 172k.

My question is, what cap gains taxes am I going to have to pay? Do I have to pay from the 115k to the 173k? Or do I include all of the renovation costs into it as well?

Loading replies...