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Christopher…, Real Estate Pro in Bloomington, MN
Christopher Block answered:
I need cash and could sell a property. I owe 98k it is worth 140k How much tax would I pay when I sell this? My income is very low
Did you occupy the home or have a family member 2 out of the past 5 years? In Minnesota we have homestead exclusions. Basically you do not have to pay taxes when you sell the house.

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0 votes Share Flag Thu Jan 21, 2016 Home Buying in 55101
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