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Tax rate on 2nd home sale
We sold a 2nd home in 2025, make less than $600,050 married filing jointly, including the proceeds from the sale, so I expected and planned on paying 15% tax on the gain, but the program is computing a 20% tax on the gain. Just want to make sure the program is calculating it correctly? I am sure it is but why 20% when from what I read it should be 15%? Thank you!
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‎February 24, 2026
9:34 PM