MarilynG1
Employee Tax Expert

Investors & landlords

Is your tax bracket the same after adding the Long Term Capital Gains? The LT capital gains are added to your other taxable income to determine the tax bracket you are in for determining what capital gains tax rate to use. 

 

One major exception to a reduced long-term capital gains rate applies to collectible assets, such as antiques, fine art, coins, etc. which are taxed at 28%.

 

Another is  Net Investment Income Tax (NIIT), which adds a 3.8% surtax to certain net investments of individuals.

 

Click this link for more info on Capital Gains Tax Rates.

 

 

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