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Investors & landlords
there is no 'exclusion' for the capital gain tax on the sale of a 2nd home, so it depends on your income, but for most people the tax will be 15% federal, plus your state tax and if it kicks you into higher income levels, there is a 3.8% NIIT tax
2022 capital gains tax rates
Single Married, filing jointly Married, filing separately Head of household
0% | $0 to $41,675 | $0 to $83,350 | $0 to $41,675 | $0 to $55,800 |
15% | $41,676 to $459,750 | $83,351 to $517,200 | $41,676 to $258,600 | $55,801 to $488,500 |
20% | $459,751 or more | $517,201 or more | $258,601 or more | $488,501 or more |
‎July 17, 2022
12:19 PM