how do i figure out the tax-bracket?

Question

how do i figure out my tax-bracket for short-term capital gains tax?

Answer 1

http://www.irs.gov/formspubs/article/0,,id=164272,00.html

Answer 2

Capital gains and deductible capital losses are reported on Form 1040, Schedule D (PDF). If you have a net capital gain, that gain may be taxed at a lower tax rate. The term "net capital gain" means the amount by which your net long–term capital gain for the year is more than your net short–term capital loss. The highest tax rate on a net capital gain is generally 15% (or 5%, if it would otherwise be taxed at 15% or less). There are 3 exceptions:

1. The taxable part of a gain from qualified small business stock is taxed at a maximum 28% rate.
2. Net capital gain from selling collectibles (such as coins or art) is taxed at a maximum 28% rate.
3. The part of any net capital gain from selling Section 1250 real property that is required to be recaptured in excess of straight-line depreciation is taxed at a maximum 25% rate.
http://www.irs.gov/taxtopics/tc409.html

For more information: http://search.irs.gov/web/query.html?col=allirs&charset=utf-8&qp=&qs=-Wct%3A%22Internal+Revenue+Manual%22&qc=&qm=0&rf=0&oq=&qt=maximum+capital+gains+rates+2007&search.x=0&search.y=0&search=%26%24self.text%28u%27search%27%29%3B

Answer 3

Look at http://www.irs.gov/formspubs/article/0,,id=164272,00.html

Find the schedule that applies to your filing status, then find your taxable income in that schedule to determine your bracket. The bracket is the % in the right-hand column. Your taxable income is not your total income, it's after you subtract exemptions and deductions.

Answer 4

an a lot less complicated thanks to have faster tax do the figuring for you. you could download the assistance from the internet web site of your broking service. you paintings on your standard assistance that you're taxed on the speed of your optimal earnings. in case your added tax from the sale of the inventory places you right into a more advantageous price, then that area of your sale on the better price is taxed on the better price.

Answer 5

Just toss it in with your regular income.