Question

Jack purchases a house for $90,000 and spends $15,000 to renovate it. He holds the house for 35 years and then sells it in middle of a real estate bubble for $400,000. On how much of that amount does he have to pay taxes?

explanation​

Answer 1

Answer:

$400000

Explanation:

Since he sell for $400000 after 35 years he has to pay tax for sell amount