#capital improvements

1 story

#capital gains tax #cost basis #home sale #housing market #retirement planning #section 121 exclusion #step-up in basis #tax planning #taxpayer relief act of 1997

A $90,000 tax surprise on a house bought for $140,000
A frozen tax break from 1997 is catching homeowners off guard as property values soar.
24/7 Wall St. · 2m