How much tax that I have to pay if I deferred my gain of a property and now the property will be forclosed?

This is sort of a math question: I sold a rental last year and did a 1031 exchange to a new investment. At the time of sale I have a 200K gain.
Now the property will be forclosed by the bank that I have a loan of 300K. How much federal tax do i have to pay, assuming I live in CA.

Chosen Answer:
I suppose it is between 8% to 11% , thanks
by: stone
on: 5th November

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