I’m selling my two-family house. What taxes are owed?

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I’m selling my two-family house. What taxes are owed?
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Taxes are a little more complicated for a mixed use property.

Q. I bought my two-family home for $435,000. I put in $275,000 in improvements. I rent 33% of the property and I will sell it for about $750,000. What will be my tax to pay at closing?Note to readers: if you purchase something through one of our affiliate links we may earn a commission.

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