I have a non-owner occupied home, purchased at $200,000. A few years later, I took an equity loan out for $80,000. The next year I sell it for $300,000. Will I pay capital gains tax for $100,000 or $20,000?

More Questions. Additional questions in this category.

• 

  How do I calculate capital gains taxes?
  by Answerbag Staff on June 11th, 2010 | 1 person likes this

• 

  How do i calculate cost basis for a stock sale?
  by Answerbag Staff on June 4th, 2010 | 1 person likes this

• 

  My parents' house has been in my brother's and my name for over 20 years. They lived in the house but we did not. They are now deceased and we would like to sell the house and split the profit. How much capital gains tax would we each have to pay?
  by Blaze on August 3rd, 2009 | 1 person likes this

• 

  I want to sell a home I own as an income property. I bought for 195.00 and will sell for 300.00. I have had the house for about 2 years now. How much will I pay in capital gain?
  by Erinblue on September 4th, 2009 | 1 person likes this

• 

  We purchase property to run cattle on and had a rental home in 2003 for 111,000 may sell for 315,000 and then turn around and buy another piece of property with a home to live in for 368,000, will we have to pay capital gains,
  by Anonymous on June 24th, 2009 | 1 person likes this

• More Calculate Capital Gains Taxes See only professionally researched Calculate Capital Gains Taxes questions