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First, you cannot use 1031 when you sell personal property. 1031 is only available for business properties.
If you used the place as your primary residence for more than 2 years in the last five years, you could qualify for 500K capital gain exclusion. To figure out your capital gains you will take the purchase price, cost of capital improvements and expenses of sale (including RE commission if you pay somebody to sell it for you) and deduct it from the selling price. Home equity loan, mortgage or other loans are irrelevant for the calculation of the capital gains.
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