Your loan balance is of no consequence.
If I bought a house for 100,000 cash and sold for 150,000, I made 50,000 Capital gain.
If I put 20,000 cash down and took a loan out for 80,000 to buy a 100,000 house and sold it for 150,000, I still made a 50,000 Capital gain.
Loans don't factor in that equation.
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