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Use a putty knife to scrape away as much of the old wax ring as you can from the flange, a pipe fitting where the toilet mounts to the floor, and around the toilet drain. Remove any debris, smooth and dry the surfaces, and remove the two bolts from the flange. Look closely at the condition of the flange.
Also asked, what dissolves toilet ring wax?
Moisten a rag or paper towel with mineral spirits and rub in a brisk circular motion to dissolve the beeswax. Repeat until all wax toilet seal residue is gone and the surface is clean.
Also to know is, do you need to remove old wax ring?
Using a putty knife, you'll need to remove as much of the old wax ring as possible from both the bottom of the toilet and the pipe fitting in the floor, called the toilet flange. Clean and dry the flange completely before preparing to install the new wax ring.
Some people prefer to caulk all around the toilet and leave about a one inch gap in the caulk at the back of the toilet to allow water to escape out in the event of a leak. It's already tough enough to caulk behind a toilet, so if this is what you want to do, God bless.