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Posted: 6/16/2021 11:55:17 PM EDT
Am I gonna have to pay state 'sales tax' on the sale of my primary residence?

It's not a rental or investment property and as such isn't subject to capital gains taxes.
Link Posted: 6/17/2021 12:29:17 AM EDT
[Last Edit: 6/17/2021 12:30:04 AM EDT by GMG]
If it was your permanent residence 2 of the last 5 years the gains are not taxable. There is no sales tax.
Link Posted: 6/17/2021 1:16:27 AM EDT
You technically paid a Texas "sales tax" when you paid for your pro-rated share of property taxes which the buyers get to claim as a federal deduction on income.
Link Posted: 6/17/2021 1:20:02 AM EDT
Thanks, guys!! That's kind of what I suspected, but I wasn't sure because of some verbiage in the Title Company documents package I have. It was pretty ambiguous.
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