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June 6, 2019
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Are there capital gains on a small parcel of unimproved property we sold?

  • June 6, 2019
  • 1 reply
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Best answer by Coleen3

Yes, if you sold it for a gain. Subtract the purchase price plus expenses of sale from the sales price to determine gain or loss.

1 reply

Coleen3Answer
Employee
June 6, 2019

Yes, if you sold it for a gain. Subtract the purchase price plus expenses of sale from the sales price to determine gain or loss.