Charleston · Selling
What counts as my gain when selling a home?
Sale price minus your original purchase price, minus qualifying capital improvements, minus selling costs like the deed recording fee and closing expenses, is how gain gets calculated on a home sale. Routine maintenance does not count as an improvement, but a new roof or an addition typically does. A CPA can walk through your specific records to calculate the actual gain before you list.
Still have a question?
Ask Brian directly. No form, no obligation, and a real answer even when the answer is that now is not the time to sell.