avoiding capital gain on personal property
How do I know what percent of capital gains (15%, 5%) I fall under?[ Edited by cassierose on Date 07/17/2003 ]
How do I know what percent of capital gains (15%, 5%) I fall under?[ Edited by cassierose on Date 07/17/2003 ]
The profit from the sale of personal property is taxed at your marginal tax rate. If you are in the 25% tax bracket, then your profit is also taxed at 25%.