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You pay taxes on every gain. But you

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cintrix Member Level  Tuesday, 01/07/20 02:57:56 PM
Re: rangers120 post# 5504
Post # of 5520 
You pay taxes on every gain. But you don't pay them until you file your tax return. So regardless of whether you sell the first half at a profit and the rest at another date, as long as you have a gain you will have to report that and pay taxes on it. Any lot you sell you need to report - gain or loss - if it is a gain you will pay taxes.

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