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What are the tax consequenses on sale of rental property?


Question by Wayne :
 

Hi, I sold a rental property that was my main home 7 years prior. I used the proceeds from the sale to pay off my main home. Do I still have to pay teaxes on the sale of the rental?

 

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Answer --> Question 125367
 

 
Related topics:
Rental Property  Principal Residency  Long Term Capital Gain   Capital Gain
 

 

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