@STPETEJACK - don't forget to subtract the selling costs (the big one is normally the commission), from the capital gains.
also, consider how much their other income is. While many think the capital gains is 15%, it's not at the lower income levels (Subtract the standard or itemized deductions from the amounts in the table)
2022 capital gains tax rates
0% tax rate 15% tax rate 20% tax rate
in the end, if it is any consolation, paying taxes in situations like this is a "good problem"; it just means you have a partner (the IRS) sharing the benefit.....😊
