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Part of the capital gains will be taxed at 0% and part at 15%. About $14,500 will be taxed at 0% and about $135,500 will be in the 15% tax bracket.
Thanks for your response.
What is the $14,500 you mentioned?
That is the amount of capital gain that you won’t pay tax on.
Thanks again.
Sorry, I didn't ask question clearly.. Might I ask how did you get that number?
I did a test return using the amounts that you posted to arrive at the figures that I posted.
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