How is capital gain calculated on an Alpharetta home sale?

Capital gain on an Alpharetta home sale is the final sale price minus your original purchase price, minus eligible capital improvements you can document, and minus selling costs like attorney fees and any commission paid. A primary residence may qualify for an exclusion on part of that gain under federal tax code Section 121 if ownership and residency requirements are met. Keep records of major improvements as you go, since a CPA or tax attorney needs them to calculate the actual number at sale.