MSN: I'm netting $620k from selling my house. Will I owe capital gains taxes?
I'm netting $620k from selling my house. Will I owe capital gains taxes?
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Taxes must be paid as you earn or receive income during the year, either through withholding or estimated tax payments. If the amount of income tax withheld from your salary or pension is not enough, or if you receive income such as interest, dividends, alimony, self-employment income, capital gains, prizes and awards, you may have to make ...
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