Really Sold, Escrow Closed
It's time to celebrate. We sold the building and the money is finally in the bank. Now we can start paying off some of the debts we owe, like our mortage. We still don't know how much we will have after Uncle Sam takes his chunk. We have put a lot of money into improvements durng the time we owned the building, but I don't know how many of those we can deduct from the capital gains. I keep hoping Congress will change those capital gains laws in our favor this year. It doesn't seem fair to take 40% of the profit. That won't even leave enough to pay off the mortgage. It should however, lower our payment.
Hubby says when I can ride for long enough in the car we will go to Santa Barbara and return all our spare keys to the agent and we will go somewhere nice to have a celebration meal. I'd also like to spend some more time photographing Alice Keck Park. I never did see the playground in time to get photos of it. Meanwhile, we are out of the pressure cooker. But I still have to get my sales tax for 2014 done before the end of the month.
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Image Credit » I took the photo and edited it.