Joel Boss1 Look Real Estate
North Metro Atlanta · Selling

Why are Cartersville sellers more likely to owe capital gains tax?

Longer ownership periods in Cartersville often mean more appreciation has built up since purchase, which increases the gain subject to federal capital gains tax when the home finally sells. Sellers who bought decades ago at a much lower price face this more than someone who purchased recently. A CPA can calculate the actual exposure using your purchase price, improvements and today's value rather than a general assumption.

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