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Re: I have an investment property, will a HELOC on the property reduce my amount of capital gains to pay once the home is sold. The home is paid off. Thank you for your help.
fanfare
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Get your taxes done using TurboTax
No.
Profit is proceeds - cost basis.
mortgages don't count.
@vzombek
‎November 19, 2023
6:16 AM
