Should I be paying capital gains on land sold in 2019 if, land was inherited in 2003, FMV in 2003 was $7950, sold for $15500 in 2019. My income was < $32000 in 2019.

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Should I be paying capital gains on land sold in 2019 if, land was inherited in 2003, FMV in 2003 was $7950, sold for $15500 in 2019. My income was < $32000 in 2019.

wouldn't think so but we can't see your return.

Should I be paying capital gains on land sold in 2019 if, land was inherited in 2003, FMV in 2003 was $7950, sold for $15500 in 2019. My income was < $32000 in 2019.

you might pay a SLIGHT amount.

if your income is $32,000 and the capital gains is $7,500, then the capital gains rate is 0% up to $39, 375. You would pay 15% on the $125 that exceeds $39,375.

there may be state tax as well.

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Should I be paying capital gains on land sold in 2019 if, land was inherited in 2003, FMV in 2003 was $7950, sold for $15500 in 2019. My income was < $32000 in 2019.

Should I be paying capital gains on land sold in 2019 if, land was inherited in 2003, FMV in 2003 was $7950, sold for $15500 in 2019. My income was < $32000 in 2019.

Should I be paying capital gains on land sold in 2019 if, land was inherited in 2003, FMV in 2003 was $7950, sold for $15500 in 2019. My income was < $32000 in 2019.

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Should I be paying capital gains on land sold in 2019 if, land was inherited in 2003, FMV in 2003 was $7950, sold for $15500 in 2019. My income was &lt; $32000 in 2019.

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Should I be paying capital gains on land sold in 2019 if, land was inherited in 2003, FMV in 2003 was $7950, sold for $15500 in 2019. My income was &lt; $32000 in 2019.

Should I be paying capital gains on land sold in 2019 if, land was inherited in 2003, FMV in 2003 was $7950, sold for $15500 in 2019. My income was &lt; $32000 in 2019.

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Should I be paying capital gains on land sold in 2019 if, land was inherited in 2003, FMV in 2003 was $7950, sold for $15500 in 2019. My income was < $32000 in 2019.

Should I be paying capital gains on land sold in 2019 if, land was inherited in 2003, FMV in 2003 was $7950, sold for $15500 in 2019. My income was < $32000 in 2019.

Should I be paying capital gains on land sold in 2019 if, land was inherited in 2003, FMV in 2003 was $7950, sold for $15500 in 2019. My income was < $32000 in 2019.