CF: Read this link...from the back of the napkin it looks like you can add legit improvement costs to the "cost basis"; where it gets you is the less than 2 yr
deal and, espc. the Less than 1 year deal. You might be looking at Ordinary Income tax rates on the adjusted gain. ;>(
How 'bout hanging at least past the one year to cop the 20% max long term gain?
GL,md
http://www.grubmanfinancial.com/main...ibrary_000.htm
And, this from our friends at Big Brother:
http://www.irs.gov/pub/irs-pdf/p523.pdf