szulga
New Member

What are the capital gain rates for selling a home in CA that has over $500k in long term gains? First $500k is tax free, but how is the remaining profit of $1.5m taxed?

Have owned & lived in this home for 20+ years.

Anonymous
Not applicable

Deductions & credits

depending on your taxable incoem, a maximum federal tax of 20%,  but the gain could push you into AMT.

Deductions & credits

plus the 3.8% Net Investment Income tax.