On the other hand, the amount you receive at closing is the sales price less the closing costs less the amount owed on the home. Capital gain has nothing to do with how much is owed on the home. So to compute capital gain you need to know the amount realized on the sale and the adjusted basis of the asset sold.The amount realized is the selling price less the selling expenses.apital gain has nothing to do with how much is owed on the home. So to compute capital gain you need to know the amount realized on the sale and the adjusted basis of the asset sold. The amount realized is the selling price less the selling expenses.
On October 22, 1986President Reagan signed into law the Tax Reform Act of  1986. Among its provisions, the law required that every dependent age 5 or older listed on a tax return had to have their own Social Security number. This new requirement doubled SSA's enumeration workload in the following year.
The Endangered Species Act is a series of environmental protection laws passed by the United States Congress in 1973, and signed by President Richard Nixon.It was created to â¦ protect critically imperiled species populations from extinction, along with the ecosystems they live, and breed in. The Endangered Species Act was passed in 1973. It was passed to protect species that were on the brink of extinction. Many animals have been placed on this, few have bee â¦ n removed.