3415580

Can I avoid paying capital gains tax if my income is below a certain amount?

posted

Connect with an expert

3 Replies

Can I avoid paying capital gains tax if my income is below a certain amount?

Yes. The criterion is taxable income.
https://www.irs.gov/taxtopics/tc409#:~:text=Capital%20gains%20tax%20rates,than%2015%25%20for%20most%....

Can I avoid paying capital gains tax if my income is below a certain amount?

But remember that "taxable income" includes the capital gain itself.

**Answers are correct to the best of my ability but do not constitute tax or legal advice.

Can I avoid paying capital gains tax if my income is below a certain amount?

Avoid? Good wording.

Still have questions?

Questions are answered within a few hours on average.

Post a Question

*Must create login to post