If I sell a real estate contract, is there a capital gains tax?I sold my home 3 years ago. The tenants have fallen way behind on payments. My accountant told me if I took the house back and resold it, I'd be subject to a capital gains tax. If I were to sell the contract, would there be a capital gains tax?August 30 2013 - US0YesReport a ProblemProblemSelect oneOffensive contentIrrelevant contentSpam (pure self-promotion)OtherDetailsYour emailPlease enter a valid email address.Submit CancelContent flaggedWe will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.We're sorry. This service is temporarily unavailable. Please come back later and try again.