DianeW777
Expert Alumni

Investors & landlords

Yes.  The capital gains rate is a maximum rate based on your taxable income. In your scenario you are taxed at 15% on your long term capital gains since your overall taxable income is below $445,850.

 

The tax rate on most net capital gain is no higher than 15% for most individuals. Some or all net capital gain may be taxed at 0% if your taxable income is less than or equal to $40,400 for single.

  • A capital gain rate of 15% applies if your taxable income is more than $40,400 but less than or equal to $445,850 for single
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