Approximate taxes paid on sale of investment property

[Marc Beaulieu]

I am trying to calculate the taxes I would have to pay on a house. I bought the house 11 years ago for 370,000 have an offer for 350,000 and owe 285,000 on the house. I lived in the house for ten years and recently purchased another house to live in.

[Caleb Heimsoth]

If you paid 370 and sell for 350 your tax is zero since there ya no gain. Technically that’s a loss