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Updated over 6 years ago on . Most recent reply
How much we will owe?
Hi guys,
I need help figuring this out before hitting the CPA office.
House was bought in the 70s 80k, single, 200k renovation, market value 3.5 mil the house in California....how much capital gain taxes state and federal needs to be paid after the sale in 201o (new tax)?
Thank you,
Most Popular Reply
Bjorn Ahlblad
#5 Multi-Family and Apartment Investing Contributor
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Bjorn Ahlblad
#5 Multi-Family and Apartment Investing Contributor
Pro Member
#5 Multi-Family and Apartment Investing Contributor
- Investor
- Shelton, WA
@Ouman You Congrats on your gain! Without using a calculator I worked it out to about 600k incl Ca tax. Your CPA will give you an exact figure. All the best!