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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!
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‎July 24, 2021
3:05 PM