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szulga
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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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3 Replies
Anonymous
Not applicable

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.

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.

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?

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