Self Employed, Selling Rental Property C.G. Question?
I am self employed and have some rental properties because of Medical bills, we need to sell one of the properties and will Probably make $20-25 K out of the sale.
Is CG tax, taxed no matter what kind of other losses you show from other businesses or properties.
Or is it all lumped together so if I had a 10 k loss in business and 20 K gain in sale of property, I would be taxed on 10k
or
Do I pay taxes on just the house sale profit no matter what.
Thanks
Dave
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