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-kbayens1
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mortgage

I sold a rental home to my daughter on April 1, 2009. I held the mortgage and she made payments to me. This April she took out a new loan and paid off the balance of the mortgage. The payoff was $110,000.00 do I need to pay a quarterly tax payment. Based on last years taxes I will owe about 10,000.00 in federal tax

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