Your Trusted Brokerage in Southern New England

Acumen Risk Group, LLC and Acumen Group Real Estate provide comprehensive Insurance and Real Estate services across Rhode Island and Massachusetts.

This three-legged stool represents the three main disciplines that Acumen Risk Group stresses:

LAWYER – Legal, Business Formation, Business Perpetuation, and Estate Issues

RISK MANAGER – Financial, Insurance, Real Estate, Risk Management

ACCOUNTANT – Accounting, Taxation and Tax Codes

Comprehensive Brokerage Services

Offering expert solutions in insurance and real estate across Rhode Island and Massachusetts.

Insurance Coverage Options

All commercial and personal lines insurance tailored to your specific needs and requirements. Dozens of markets lead to best coverage and pricing.

Real Estate Services

Specializing in commercial, residential, and investment properties for all your real estate needs.

Expertise in Rentals

Comprehensive rental services for residential and commercial properties to meet your demands.

"Acumen Group Real Estate provided exceptional real estate services and made my experience seamless and stress-free. " -Michael P. (Cumberland, RI)

★★★★★

A Premier Independent Brokerage

Your trusted partner for all insurance and real estate needs.

Worksheet: Calculate Capital Gains

When you sell a stock, you owe taxes on the difference between what you paid for the stock and how much you got for the sale. The same holds true in home sales, but there are other considerations.

How to Calculate Gain

Your home’s original sales price when you bought it (not what you brought to closing).

Additional costs you paid toward the original purchase (include transfer fees, attorney fees, and inspections but not points you paid on your mortgage).

+

Cost of improvements you’ve made (include room additions, deck, etc. Improvements do not include repairing or replacing existing items).

+

Add the above items to get your adjusted cost basis:

=

The proceeds from selling your home (the amount of money you realized from the sale, less selling expenses, such as brokerage commissions, inspection costs, legal fees, title costs, money you spent to fix up your home to prepare it for sale, and so on).

The adjusted cost basis figure from above.

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Your capital gain:

=

A Special Real Estate Exemption for Capital Gains

Up to $250,000 in capital gains ($500,000 for a married couple) on the home sale is exempt from taxation if you meet the following criteria: (1) You owned and lived in the home as your principal residence for two out of the last five years; and (2) you have not sold or exchanged another home during the two years preceding the sale. You may qualify for a reduced exclusion if you otherwise qualify but are short of the two-out-of-the-last-five-years requirement if you meet what the tax law calls “unforeseen circumstances,” such as job loss, divorce, or family medical emergency.