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I’m trying to understand how the cash taken out on cash-out refinance is taxed (or not) when the property is sold.

For example, I invested $50K into a rental property over a decade ago.
I refinanced a few years and I took out $75K cash.
Say if I sell it now and make a gain of $100K, I understand that I have to pay capital gains on that.
How does the $75K cash that I had taken out play into it and how (if it is) is it taxed?

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