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Yes you must pay capital gains tax on the sale of a second home such as a vacation home. Here is an IRS article explaining how to report the sale: https://www.irs.gov/faqs/capital-gains-losses-and-sale-of-home/property-basis-sale-of-home-etc/prope...
And at the state level, you'll have to pay a capital gains tax to the state in which the vacation home is located (if it's other than your state of residence), as well as to your home state.
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