Real Estate Income & Taxes

[Arthur Voskanyan]

If I have multiple investment properties and over the course of my time owning properties I realize that if I choose to re-sell the properties any profit I would make on the properties they would be subject to capital gains tax, assuming they are not my primary residence which they are not. So my question, do you pay capital gains on each property you make a profit on during a sale of your home, and if you do, are you paying capital gains tax AND income tax on the profit or just capital gains tax. Also if I have 3 properties and each property I sell, let’s say I make $190,000, the rule states that if you make less than $250,000 in profit you get to keep all of it without being taxed with capital gains. Does this still apply? Or since they are investment properties it doesn’t? Thank you in advance. Any advice/opinion is valued. Arthur Voskanyan