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 CITY of LAPEER INDIVIDUAL INCOME TAX RETURN DUE APRIL 30 2017

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[Music] chris is in san antonio texas hi chris how are you good afternoon guys hey what's up hi dave so my question is or i guess yeah my question i have well i i became a landlord about 22 years ago by default i have a home in austin texas i own it but over that time that home has grown significantly in value so i'm i'm at a point in my life where i might want to sell that home but i just need some direction in knowing if it's the right time for me to do that and if i do decide to sell it i want to know if there's any way to possibly avoid capital gains tax well certainly a hot real estate market great time to sell real estate and by and large that's a general statement right um capital gains um you're going to pay capital gains on it my guess is you've been depreciating it all these years right yes so you probably have an adjusted basis close to zero the whole thing may be gained well yes yes that's true yeah and

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