I will of course discuss with my cpa this week.
I have 2 properties on a single commercial loan and I'm considering selling one of them and paying off the entire loan. Does anyone know how my cap gains will be calculated since I bought both properties in one deal? Will it be off the gap between sale price and appraised value at the time of purchase?
Selling 1 property of 2 on a commercial loan. How are taxes computed?
byu/Sawdust-in-the-wind inrealestateinvesting
Posted by Sawdust-in-the-wind