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July 18, 2019
Question

If I pull out 100k of equity out of my rental property what is the effect on the capitol gain taxes if sell in 2 or 3 years,I've never lived own the house for 10 years?

  • July 18, 2019
  • 1 reply
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never lived in and have owned the home for 10 years.

1 reply

VolvoGirl
Employee
July 18, 2019

That won't affect your taxes.  When you sell it's basically Sales price - Cost.  Mortgage or loans don't figure into it.