If I owned a second home and held for more than five yrs and the appreciation was 500,000 what would the tax bill be?

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If I owned a second home and held for more than five yrs and the appreciation was 500,000 what would the tax bill be?

https://www.fool.com/retirement/2016/12/11/long-term-capital-gains-tax-rates-in-2017.aspx

http://fairmark.com/general-taxation/reference-room/2017-tax-rate-schedules/

This can trigger the NIT and AMT as well.

https://www.irs.gov/newsroom/net-investment-income-tax-faqs

http://www.fool.com/answers/faq/capital-gains-affect-amt/

Also remember State taxes.

Of course, all this assumes no 2017 Federal tax law changes.

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If I owned a second home and held for more than five yrs and the appreciation was 500,000 what would the tax bill be?

Did you ever rent it out?

If I owned a second home and held for more than five yrs and the appreciation was 500,000 what would the tax bill be?

No exclusion, since this was not your primary residence.

If I owned a second home and held for more than five yrs and the appreciation was 500,000 what would the tax bill be?

https://www.fool.com/retirement/2016/12/11/long-term-capital-gains-tax-rates-in-2017.aspx

http://fairmark.com/general-taxation/reference-room/2017-tax-rate-schedules/

This can trigger the NIT and AMT as well.

https://www.irs.gov/newsroom/net-investment-income-tax-faqs

http://www.fool.com/answers/faq/capital-gains-affect-amt/

Also remember State taxes.

Of course, all this assumes no 2017 Federal tax law changes.

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