no capital gain tax on sale of rental house if income below $40K? Is this true? Capital gain is around $200K.
https://www.investopedia.com/ask/answers/052015/what-difference-between-income-tax-and-capital-gains....
What Is the Income Threshold for Capital Gains Tax?
For the 2021 tax year, individual filers won’t pay capital gains tax if their total taxable income is $40,400 or less.
For 2022 returns, that threshold rises to $41,675.
