Hi DLuke11,
Thanks for attending event today.
Yes the sale of property will push you into another tax bracket.
Long-term capital gains cannot push you into a higher income tax bracket. Only short-term capital gains can accomplish that, because those gains are taxed as ordinary income. The same as you W2 income So any short-term capital gains are added to your income for the year.
This tool can help you with estimating that: https://turbotax.intuit.com/tax-tools/calculators/tax-bracket/
Your W2 income is not taxed additionally. The additional tax assessed is on your short term capital gains for sale of property.
In some situations in the sale of property, you can choose to withhold taxes.(if this occurs make sure that is entered in your tax return) If this is not possible, then you would want to go make an estimated tax payment for the sale of property at estimated tax bracket percentage at https://www.irs.gov/payments/direct-pay and at your state level as well.
