If Land was sold (126 acres) out of a trust, what would capital gains be?

trazada1 — Sat, 01 Jun 2019 03:14:50 GMT

The capital gains tax rates are 0%, 15% and 20%, dependin...

RichardG — Sat, 01 Jun 2019 03:14:52 GMT

The capital gains tax rates are 0%, 15% and 20%, depending on the trust's income tax bracket.

0-25% bracket rate is zero
35-39.6% bracket rate is 15%
over 39.6% bracket rate is 20%

Please follow this link for the 2016 tax rates for trusts.

http://www.trustedattorneys.com/News/tabid/64/entryid/37/income-tax-rates-for-trusts-and-estates-201...

Keep in mind that if this is a revocable trust or other form of grantor trust, the capital gains tax will be computed at the tax bracket of the grantor and paid by the grantor, not the trust.

topic If Land was sold (126 acres) out of a trust, what would capital gains be? in Investors & landlords

If Land was sold (126 acres) out of a trust, what would capital gains be?

The capital gains tax rates are 0%, 15% and 20%, dependin...