darin_w
Expert Alumni

Tax law changes

Hi @msteverlynck711!  The Inflation Reduction Act did not change the tax law regarding long term capital gains.  For a long term gain, the gain would be taxed at the capital gains rate, those rates for 2022 are shown below.  The income from the gain will need to be included on your 2022 taxes, there is not an option to average that over multiple years.

 

2022 capital gains tax rates

For taxes due in April 2023.

Tax-filing status

0% tax rate

15% tax rate

20% tax rate

Single

$0 to $41,675.

$41,676 to $459,750.

$459,751 or more.

Married, filing jointly

$0 to $83,350.

$83,351 to $517,200.

$517,201 or more.

Married, filing separately

$0 to $41,675.

$41,676 to $258,600.

$258,601 or more.

Head of household

$0 to $55,800.

$55,801 to $488,500.

$488,501 or more.