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Author: LuvtoRead Old School Fool SC1 Red Motley Fool One Everlasting Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 121313  
Subject: Re: Tax Liabilities on Sale of Rental Property Date: 3/9/2014 7:43 PM
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Thank you for pointing out the new NII tax on top of the capital gain tax and the state tax that I may have to pay, not to mention about the AMT angle.

The property will be sold as is so I probably have to pay for cost of sale only. The big number is the capital gain tax to both state and federal to the tune of 45K to 50k. I guess it is a nice problem to have.

Again, thank you for your reply. Much appreciated!
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