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Deductions & credits
@cwilbur2 - well, I am going to provide a different answer.
When you state 'personal' real estate, is that your personal residence?
if you lived in that home at least 2 of the 5 years leading up to the sale date, you can exclude $250,000 of capital gains, so the tax would be zero if that were true
Otherwise, go with @TomD8 's response
‎December 12, 2022
8:22 AM