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You decide to sell a house that you bought 5 years ago with the purpose of renting it. Its purchase price was $300,000 and now

You decide to sell a house that you bought 5 years ago with the purpose of renting it. Its purchase price was $300,000 and now its market value is about $500,000. How much should you expect to pay in taxes for the sale of this? use 2008 tax bracket

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