Capital Gains and Losses

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Capital gains question on current home. May 2020 $215,000.
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if I assume a home loan of 87000 when the house is worth 195000
if I assume a home loan of 87000 when the house is worth 195000 (my mother is the silent owner and wants to gift me the equity) and sell it, do I pay capital gains if I reinvent in another home?… read more
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