Yes, the captal gain needs to be reported in tax return, unless you've owned the house for more than 5 years. In calculating capital gain from the house sale, you can apply your improvement cost plus labor & time cost.
- Law111
回复:要报税吗?房子去年一月份买,后因老公被laid off,
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Thanks.但是用什么form?需要交多少percent?
-ymg39-
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03/21/2004 postreply
14:37:19
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回复:Thanks.但是用什么form?需要交多少percent?
-law111-
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03/21/2004 postreply
15:19:29
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是2年不是5年.
-stp-
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03/21/2004 postreply
15:01:53