by JAC on April 5th, 2007

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I bought a home in1996 for $67,000 and put a $30,000 second mortgage on it. In 2000, I rented the house out. It is now 2007 and I want to sell the property for approx. $94,000. How much will I have to pay in capitol gains tax?

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I bought a home in1996 for $67,000 and put a $30,000 second mortgage on it. In 2000, I rented the house out. It is now 2007 and I want to sell the property for approx. $94,000. How much will I have to pay in capitol gains tax?

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I bought a home in1996 for $67,000 and put a $30,000 second mortgage on it. In 2000, I rented the house out. It is now 2007 and I want to sell the property for approx. $94,000. How much will I have to pay in capitol gains tax?

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