marciejpyke
Returning Member

Long term capital gains

I'm selling a rental property and I'll be profiting around $125k. 

 

My income puts me in the 0% capital gains bracket, but from what I'm understanding I would still need to pay 15% on any profits that brings my income past $40,400.  This is if I dont do the exchange of course.  Do I have this right or no? 

 

Thank you in advance!