May 20th, 2009 | 
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robbievic asked:
I’ve read in other questions about Capital gains tax in primary real estate home but how about investment property….Many home are bank owned and I’m interested in getting a home & fixing it to sell. I know how todays market is and it won’t be a turnover like in 2005. My question is what are the tax implications for a project that I want to do?
Anette Fostervold
I’ve read in other questions about Capital gains tax in primary real estate home but how about investment property….Many home are bank owned and I’m interested in getting a home & fixing it to sell. I know how todays market is and it won’t be a turnover like in 2005. My question is what are the tax implications for a project that I want to do?
Anette Fostervold
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You pay full gains, nothing has changed. Your odds of profiting are almost nil.