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How much of my house sale do i pay taxes on?

I bought a house for 100k in VA. I refianced 2 years later for 135k. 2 years later I took an equity loan out for 35k. I want to sell it for 200k. What will I be taxed on when I sell?

Public Comments

  1. to determine your gain, you take your selling price less costs of sale, and the original purchase price if you have a gain and this was your home you have an exclusion that is allowed if you owned the house 5 yrs and did not rent it out
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