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What would be the taxable gain (loss) on a property given the following information ? Sale price $5,500,000 Repairs and Maintenance 5,000 Brokers commision 6%
What would be the taxable gain (loss) on a property given the following information ? Sale price $5,500,000 Repairs and Maintenance 5,000 Brokers commision 6% Depreciation 1,000,000 Utilities 3,500 Original purchase price 4,000,000 cost of a new roof 250,000
Sale price $5,500,000
Repairs and Maintenance 5,000
Brokers commision 6%
Depreciation 1,000,000
Utilities 3,500
Original purchase price 4,000,000
cost of a new roof 250,000
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