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annegelinas · Joined: 27 Oct 2010 Posts: 1 1.26 Dollars($)

I own a lot that was deeded along with the purchase of my home back in 1969. I want to sell the lot but not the house. How much capital gains tax would I havae to pay the lot could sell for 70,000

adonis · Posted: Wed Oct 27, 2010 7:52 pm Post subject:

Welcome annegelinas,

The capital gains tax will depend upon the profit that you make from the sale of the property. You should contact a tax adviser and he will be able to help you in this matter.

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if I sell my lot but not my house how much capital gains tax do I owe?

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