What procentage of a long term sale is taxable

CAPTGOODDEAL — Thu, 06 Jun 2019 10:38:44 GMT

Below is an extract from an IRS document which can be rea...

DallasM — Thu, 06 Jun 2019 10:38:45 GMT

Below is an extract from an IRS document which can be read in its entirety at this link:

https://www.irs.gov/taxtopics/tc409.html

Some or all net capital gain may be taxed at 0% if you're in the 10% or 15% ordinary income tax brackets. However, a 20% tax rate on net capital gain applies to the extent that a taxpayer's taxable income exceeds the thresholds set for the 39.6% ordinary tax rate ($415,050 for single; $466,950 for married filing jointly or qualifying widow(er); $441,000 for head of household, and $233,475 for married filing separately).

There are a few other exceptions where capital gains may be taxed at rates greater than 15%:

The taxable part of a gain from selling section 1202 qualified small business stock is taxed at a maximum 28% rate.
Net capital gains from selling collectibles (such as coins or art) are taxed at a maximum 28% rate.
The portion of any unrecaptured section 1250 gain from selling section 1250 real property is taxed at a maximum 25% rate.

Note: Net short-term capital gains are subject to taxation as ordinary income at graduated tax rates.

topic What procentage of a long term sale is taxable in Deductions & credits

What procentage of a long term sale is taxable

Below is an extract from an IRS document which can be rea...