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Updated over 4 years ago,

User Stats

19
Posts
10
Votes
Tim V.
10
Votes |
19
Posts

Capital gains on rental property sale

Tim V.
Posted

We are looking at selling our rental property.

The home was our primary for 10 years before moving to our current home 3 years ago. We decided to keep the house as a rental property but feel like its time to cash out.

Question is if we sell the home now will I have to pay capital gains or any other taxes?

Bought in 2007, lived in until 2017

Bought original: 134,900

Current valuation: 251,000

Owed: 68,000

Thanks

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