If owe 150K in mortgage and sell the house(before the mortgage is paid off) and get $578,751, Is it taxed(joint-file) at $578,751(final sales price), or taxed at $428,751? ($578,751-$150,000). If it is taxed at $578,751(final sales price), would it be 15% of $78751?
Statistics: Posted by MrKmon — Sat Jul 13, 2024 11:27 pm — Replies 4 — Views 240