I was given a grant bargain and sale deed to a house that I lived in for four years. I was paying the mortgage for the owner for four years. And in June 2024 the garage door on the house broke. I let the owner know that I could only pay for The mortgage or the garage door, not both. He didn’t like that so he said he was going to foreclose on the house. I called one of those businesses that will buy your home real fast and I showed them that I had a bargain and sale deed to the house and I was able to sell it so the house sold the seller offered me $305,120 and then on August 21 2024 a wire transfer of over $223,000 and then $10,000 more will be added once we leave the house so I’m wondering what are my taxes gonna be for this transaction? Thank you!
