If someone sells property they've owned for 5 years, and it is in a different state, do they have to pay capital gains in the state the property was located and also in their home state?

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  What is capital gains tax on real estate?
  by Answerbag Staff on May 4th, 2010 | 1 person likes this

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  My mother bought a house in 1996 for $110,000 cash. With provisions that upon her death, (in 2002), the house would automatically be put into my sister's and my name. In 2002, the house was worth $270K. We are selling it, do we need to pay capital gains?
  by Anonymous on February 17th, 2009 | 1 person likes this

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  bought home with mom 3yrs ago 78K,She put down 16K,I took 46K mort, govt paid rest(imm domain). What capital gains if we sell for 80000
  by dstevens73 on May 4th, 2010 | 1 person likes this

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  We sold our vacation property in Montana and we live in Az. Do I need to file capital gains in both states?
  by skippy on March 1st, 2009 | 1 person likes this

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  Do I have to pay capital gains tax on the sale of a property i lose money on it
  by NJMagpie on June 10th, 2010 | 1 person likes this

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