Updated over 1 year ago on . Most recent reply
Capital gains question
I have a condo i bought about 8 years ago. I lived in it the first 2 years then had to move for work. I rented it out to a friend and have hardly made any profit after hoa and mortgage. It's worth about $150,000 more than I bought it for. My question is, would I owe the full 20% capital gains tax on that amount?