Soaring high above the bustling streets of Van Nuys Civic Center, 1370 Building on Friar Street is one of the impressive office and retail buildings.

The conditions under which you can defer taxes on the sale of a rental property

REAL ESTATE MATTERS | You must figure out your cost basis: what you spent to buy the house, what you spent on things the IRS would consider to be part of the house, and the costs of selling it. Subtract these figures from sale price to figure out if you have made or lost money.
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