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