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  • Re: I am considering a change that includes paying off my home with the sale of some stock ($85k). If I prepay taxes of ~30%, is there anything else I need to consider?
Anonymous_
Anonymous_
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Get your taxes done using TurboTax

See https://www.irs.gov/taxtopics/tc409

 

Long-term capital gain tax rates peak at 20%.

 

There is also an additional 3.8% net investment income tax (NIIT) if your investment income exceeds the threshold. 

 

See https://www.irs.gov/taxtopics/tc559

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‎September 8, 2022 6:08 PM
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