I finalized my divorce in April this year. We had to sell the land in which we were planning on building on and had already cleared out a spot for a future build. We ended up profiting about 200K from the sell. I got about 90K of that profit. I'm wondering if the capitol gain tax will be applied to this. It was the only investment property that we owned. I have purchased a new home this year as well and used the profit for the down payment.
