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In 2004, when we bought my sister out our assumed loan on the property was $155,000 and we bought her out for $300,000. In 2006, the $440K loan was assumed.

Thank you

Hi,
I would like to know how to calculate the capital gains taxes I will owe. I was recently bought out from a commercial property I was part owner of (50%). My father purchased the land in 1989 for...