Sign Up

Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
cancel
Showing results for 
Search instead for 
Did you mean: 
hoffman3168
New Member

Fed and CA State Capital Gains

 
2 Replies
Mike9241
Level 15

Fed and CA State Capital Gains

please provide a complete question.

hoffman3168
New Member

Fed and CA State Capital Gains

What are the tax rates for Fed and CA state with an estimated $300k Capital Gain (after the $500k write-off) on the sale of our primary residence. We are married, filing joint and have lived in our home for 18 plus years.  I understand I would add the Capital Gains ($300k) on my yearly income of $145k bring the total to about $460k. I also believe the Fed tax rate for this amount is 35% and the CA State is 9.30%. Have I missed anything?

Dynamic AdsDynamic Ads
Privacy Settings
v