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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.
NCperson
NCperson
Level 15
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Get your taxes done using TurboTax

@vzombek the capital gains is based on the ASSET (the home); a mortgage is a liability and is not part of the equation, 

‎November 19, 2023 9:35 AM
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