- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Investors & landlords
Q. Is there still a room for $20,325 of capital gain in the 0% bracket for me?
A. Yes. The first $20, 325 will be taxed at 0%
Q. Am I eligible I wonder?
A. Yes. Higher total and taxable income, because of the taxable gain, does not reduce the amount taxed at 0%. If your taxable income gets above $459,750 (Single), the capital gains rate goes from 15% to 20% (on the amount over $459,750).
$24,300 of the capital gain will be subject to the net investment income tax (3.8%), effectively taxing it at 18.8% (15 + 3.8). https://www.nerdwallet.com/article/taxes/capital-gains-tax-rates
‎December 7, 2022
5:12 AM