我cash out refinancing 过，怎么计算capital gain？非常感谢!
卖价-买价-improvement是cap gain，不过你还要做depreciation recapture。
Understand this paragraph within the context of the article.
"Complete Section IV of Form 4562. Enter your new expenses for your property on Line 23. Note that your tax basis in the property increased with the expenditure on the fee to acquire the loan. However, the amortization process will gradually lower your basis, all other things being equal, even as it lowers your tax bill."
比如refi cost5000，5 年balloon。那么5000加入amortize。每年减sche E报1000折旧。cap gain跟买入卖出价有关。当然也跟depreciation和amortization有关