Investors & landlords

Sorry I missed your drift regarding a TurboTax professional. I've had mixed results with phone calls. Realizing that the person is caught cold with your question is a challenge. A written response is better and provides a history.

A new posting would be interesting but given no responses to this, that may not happen.

If you are trying for an answer to make a sale before 12/31, that might be a stretch. Hopefully dmertz will reply. He is the sharpest I've found.

 

Bottom line using your example, I see the following:

250,000 LTCG not subject to NIIT plus, I believe, your exposure for selling half is the 50,000 of LTCG + the 3.8% NIIT on the 50,000.

At a 15% LTCG tax rate:

15% x 250,000 = 37,500

15% x 50,000 = 7,500

3.8% NIIT = 1,900 NITT for the 50,000.

Total = 46,900

Does not include other taxable income