is the $78k the taxable portion of the home sale or is this income before the taxable portion of the home sale
sale $79k is interest income, tax would be about $6,000
now say you have a $100,000 excess gain on home sale your tax jumps to about $17,000
now say you have a $70,000 excess gain on home sale you tax is now your tax is about $13,000
now say the $79k is qualified dividends and the excess gain is $70,00 YOUR TAX IS ABOUT $7,000.
now say the $79k is qualified dividends and the excess gain is $100,000, your tax is about $11,000
so in effect the taxes you pay will be affected by the type of the $79K in other income and how much the taxable portion of the gain will be
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