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Updated over 7 years ago,
Capital Gain Tax on Primary Sale
I am thinking of listing my primary home that I purchased in June 2015 (1 year and 1 month ago). I've remodeled the kitchen, master bathroom, and half bathroom since l purchased (about $15k). If I sale my home for $255k and pay about 20k in fees associated with selling and still owe 144k on it, will I have to pay capital gains tax? Are their any other CONS (e.g. potential costs or issues) associated with the sale of my home that I have not considered?