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Updated over 8 years ago,

Rigo Medina's profile image
Rigo Medina's profile image
Rigo Medina
  • from Arlington, Texas
  • Member since Feb 7, 2016
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113
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Rigo Medina's profile image
Rigo Medina's profile image
Rigo Medina
  • from Arlington, Texas
  • Member since Feb 7, 2016
Connect
Rigo Medina
  • Arlington, TX
10
Votes |
113
Posts
Buying & Selling Real Estate

Taxes after selling a property

Rigo Medina
  • Arlington, TX
Posted

Hello everyone,

Would someone give me an idea of how much money to save for taxes after I sell my rental home?

When I sell my rental home this year, I will be taxed on my sale.  What percent of the sales profit does one save for taxes? I estimate that I will make $10,000 more than what I paid for the house back in year 2007.

Any input is welcomed.

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