Paying sales commission helps home seller at tax time

Adjusted cost basis gets reduction
Published on Oct 7, 2004

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by CareyBot

DEAR BOB: I bought my home for about $250,000 and can now sell it for $600,000. After the tax-free $250,000 principal residence sale tax exemption, I will have exposure to about $100,000 taxable capital gains. What is the current percentage ...