what is the capital gains tax rate for an investment property i sold this year. It was coporate owned by me a

Question

and held for more than a year

Answer 1

Your question isn't worded grammatically correct and, I believe, is being misinterpreted. Are you saying you owned part of a corporation that you purchased as an investment and sold it after a year? If you owned stock in a corporation and held it for over a year and sold it, you will have long term gains (or losses). If this is the only capital gains you had all year, it will be taxed at 15% if your marginal tax rate is greater than 20%, and it will be taxed at 5% if your marginal tax rate is less than 20%. If it is a loss, it will offset other income up to $3,000...the remainder (if any) will carry over to next year. If you had other gains or losses, all of them net together.

Answer 2

When you say corporate owned by you do you mean that you have a corporation that owned the stock. If so then it matters if the corporation is a C corporation or an S corporation. If a C corporation the icome is taxed at the corporate rate or if it is paid out as salary to you it is taxed at your tax rate. If it is an S corporation then the gain would generally pass out as long term capital gain subject to a 15% federal tax rate.
If you are saying that you invested in a corporate stock and you sold it at a gain then you would be taxed at 15% on your tax return.
You might want to check with a CPA.

Answer 3

if the property was owned by a corporation, then the corporation is responsible for the tax, not you.

Unless, of course, this corporation is an S Corporation and the income passes through to you.

In that case, the gain will be taxed at a maximum rate of 15%.

Unless there is some Sec. 1250 recapture, which can be taxed at a maximum rate of 25%.

Do you understand why you shouldn't rely on Yahoo answers for complicated tax and legal questions?

Answer 4

in case you had offered under Sec. 1031 (Tax-Deferred replace), you may are conscious of it so i'm useful you probable did no longer. hence, you may desire to pay the tax. there is not any provision for reinvesting in yet yet another components. Have your tax preparer estimate the tax you will owe now so which you will placed that money aside, after paying any expected tax it somewhat is needed. ES tax is due 9/15 if the valuables substitute into offered previously 9/a million so get desirable in this. you ought to assume your taxable earnings to be greater proper than your financial earnings pondering you have depreciation to recapture.

Answer 5

Get a professional financial advisor. It is worth the investment to get it right.