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3 answers

If you're in the 15% bracket, long-term capital gains are taxed at 5%.

2007-03-29 00:49:30 · answer #1 · answered by Bostonian In MO 7 · 1 0

Do you mean you have a $100,000 capital gain? If so, you will pay 5% on part of it, but I believe that the rest will be at 15%.

If what you sold was worth $100,000, my comment still applies. For example, I just put your situation into Turbo Tax, assuming that was your only income. It calculated a tax due of $11,173 after allowing standard deduction, 1 exemption, and 5% on part of the gain (which would be less than $5,000),
15% on the rest.

2007-03-29 11:23:20 · answer #2 · answered by CarVolunteer 6 · 0 1

5%

2007-03-29 08:05:12 · answer #3 · answered by Jo Blo 6 · 0 0

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