How to Pay Tax on a Capital Gain?

In those days, you could do something called accelerated depreciation. Depreciation reduces your cost basis in an equivalent amount for when you ultimately sell it. So the depreciation i'd taken over those five, six years had taken my cost basis from forty five thousand dollars down to 25000 dollars. But that's before the agrets, before i had to pay tax on my capital gain. And we want our cut. That was a fine final bit of pain and injury and insult in the process.

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