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Updated almost 18 years ago, 01/27/2007

User Stats

137
Posts
3
Votes
Justin Putt
  • Huntsville
3
Votes |
137
Posts

Taxes on profits

Justin Putt
  • Huntsville
Posted

I have a question regarding taxes after selling a property. Lets say I sell a property and make 20,000 off it after all fees and agent commission, how is that 20,000 taxed if I want to cash out on it. And is that something I have to pay immediately, quarterly, or just by the end of the year.

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