My wife and I will be selling our house in Illinois this month at a very minimal profit, and I guess it depends on the definition of profit because it is based on the fact that we put down a significant amount of money on the house. We will also be selling a condo in Denver that we lived in from 2010-2013 and have been renting it since, and stand to make a significant profit on it. I admit I know nothing about taxes so my question is will we have to pay taxes on either of the sales? Again I know nothing so feel free to ask further questions if I am missing anything. Thank you for your help in advance.