Subject: capital gains
Date: Fri, 17 May 2002
HELP, I am confused! I own one million dollars woth of real estate, have a house on the property, and have made 250 thousand in improvements to the 10 acres in 25 years. The buying cost was $140,000.
There's a $25,000 homestead exemption in Florida. How do I figure capital gains?
Thanks, LL in Florida
Date: Mon, 3 Jun 2002
Either get a referral from a friend or look up "accountants-certified public accountants" or an enrolled agent (EA) under "tax return preparation" in the yellow pages and pay someone to help you. Thatís their function.
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