Does anyone know the best way to calculate how much I would owe in taxes if I sold a house?
Sorry one big update. This is an investment house
Have a house and here are some rough numbers I have
Brought for 60k
Have owned for 10 years and have put about 70k of work over the years
Will put around 40k to renovate it to sell
Aiming to sell for 300k
Owe around 150k on the house.