But Nov. 25 should be celebrated as an Independence Day of sorts, at least by professional athletes ... and probably their fans as well. That's the now forgotten day that baseball player Curt Flood changed sports in this country more than any athlete since Jackie Robinson.
Follow this four-step plan to arrive at the answer. 1. Ballpark the costs. First, get a handle on how much your remodeling dreams will cost. In general, major upgrades, such as a bathroom remodel or a family-room addition, run $100 to $200 and more per square foot. If youâll be using a design pro or remodeling contractor, discuss your project with them to get a rough idea of costs. 2. Figure out how much you have to spend.
If you later improve your home by installing a $5,000 deck, your adjusted basis in the house may be $105,000. You should be aware of which items increase the basis of your asset, and which items decrease the basis of your asset. To calculate a capital gain or loss, you need to know your adjusted basis in the asset. Essentially, capital gain or loss equals the amount you realize on the sale of your asset minus your adjusted basis in the asset.