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How much tax is paid on winning a house?

In: Taxes and Tax Preparation, US Constitution, Income Taxes [Edit categories]

Answer:

Taxed at your ordinary income rate, which varies person by person, based on other income, deductions, dependents, losses, State rate, city rate, etc., etc. and of course on the value of the house.

First answer by IamLostRU. Last edit by IamLostRU. Contributor trust: 1567 [recommend contributor ]. Question popularity: 1 [recommend question].

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