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Updated almost 4 years ago on . Most recent reply

How much is capital gains tax when you sell your rental property?
Say I bought a home for 115k, and 4 years later, it's worth 160k, and I want to sell. How much would the govt tax me for capital gains? I Live in Illinois; if that helps, not sure if it matters what state you're in...
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Andrew Postell
#1 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
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@Jayden Hamilton probably just better to refer you to this article: https://www.nerdwallet.com/art...