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cm-jagow
New Member

Which categories of income make up the total taxable income used to determine long term capital gain tax rate on the sale of property?

 
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3 Replies
rjs
Level 15
Level 15

Which categories of income make up the total taxable income used to determine long term capital gain tax rate on the sale of property?

All categories of income are included in the taxable income that determines the tax rate on long-term capital gain, including the capital gain itself.

 

Which categories of income make up the total taxable income used to determine long term capital gain tax rate on the sale of property?

@cm-jagow simple use Line 15 of the tax return to determine the total taxable income.  

rjs
Level 15
Level 15

Which categories of income make up the total taxable income used to determine long term capital gain tax rate on the sale of property?

cm-jagow  I think NCperson means line 15, not line 14.

 

Update: NCperson has corrected his post above.

 

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