Capital Gains Tax Guidance

Summary

Selling part of your property in King County, Washington, may incur capital gains tax. Consult a tax professional to understand exclusions and exceptions.

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I am selling the back *’ of my home that I have been in * yrs to pay off my mortgage. Do I have to pay taxes on that miney
Hello **** ****, may I know which country you reside in? This is to provide you with accurate information as tax laws vary depending on location.
King
Hello **** ****, if you're in King County, Washington, you might be liable to pay capital gains tax on the sale of your property. However, there are exclusions and exceptions. I'd advise consulting with a tax professional for a precise evaluation.
Thank i
You're welcome, **** ****! If you have more questions in the future, feel free to ask. Remember, it's always best to consult with a tax professional before making any decisions.