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Home
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For
Sellers |
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- Preparing
Your House:
Even
if you have been extremely conscientious in the maintenance of your
home during the time that you have owned it, putting it on the market
requires taking the next step, which is to check every aspect of your
house, repairing, freshening, or changing whatever necessary.
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- Home
Improvement- Adding to Your Basis: An important
part of the ownership of a home is the preparation for its eventual
sale. A good example of this is maintaining records of any capital
improvements that you make to the house, since the value of these add
to the basis of your house. When your house has sold and all proceeds
have been collected, your capital gains will be based on the
difference between the sales price (less any selling expenses) minus
the adjusted basis.
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