Due to a home sale, I knew I'd be pushed into 20% rate for a *portion* of my LT Capital Gains (not the entire LT CG)? TT says my LTCG was taxed at 20%. Is that correct?
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Due to a home sale, I knew I'd be pushed into 20% rate for a *portion* of my LT Capital Gains (not the entire LT CG)? TT says my LTCG was taxed at 20%. Is that correct?
posted
March 24, 20254:55 PM
last updated
March 24, 20254:55 PM
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Due to a home sale, I knew I'd be pushed into 20% rate for a *portion* of my LT Capital Gains (not the entire LT CG)? TT says my LTCG was taxed at 20%. Is that correct?
Your rate is dependent on your filing status and total taxable income; see below. A Guide to Capital Gains
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