Hello just wandering if I sell a vacation home that I bought in 2006 do I have to pay capital gains?

[Texas Roger]

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...

[TomD8]

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.