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What are the capital gain rates for selling a home in CA that has over $500k in long term gains? First $500k is tax free, but how is the remaining profit of $1.5m taxed?
Have owned & lived in this home for 20+ years.
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Anonymous
Not applicable
‎June 5, 2019
11:11 PM
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What are the capital gain rates for selling a home in CA that has over $500k in long term gains? First $500k is tax free, but how is the remaining profit of $1.5m taxed?
depending on your taxable incoem, a maximum federal tax of 20%, but the gain could push you into AMT.
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What are the capital gain rates for selling a home in CA that has over $500k in long term gains? First $500k is tax free, but how is the remaining profit of $1.5m taxed?
plus the 3.8% Net Investment Income tax.
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