Capital Gain Taxes !

[Gelbu Sherpa]

Hello BP ! Can some one suggest me in the following situation what will be The Capital Gain Tax !! I been waiting to hear from my CPA and have to make decisions ASAP.

Date of purchased:- 2011 lived as a primary residence until 2017.

Purchased price :— $ 252,500.00

Selling Price :- $ 560,0000.00

Note :- Multiple time cashed out( if that matters ) Last cash out refinance date :- 2017

Does capital gain taxes has anything to do with income ?  

Thank you 

[Linda Weygant]

Originally posted by @Dave Foster:

@Gelbu Sherpa, Refi's do not impact tax or gain.  You should be able to take the first $250K of gain tax free.  Total gain will depend on the net sale price. 

 Correct, except OP came back and mentioned they are married.  This boosts the untaxed gain to $500K

I know you know this, Dave Foster.  But clarifying for anybody who comes after.