What Will My Captial Gains Tax Be?
I bought two houses in vegas back in 1999 as rentals and now i would like the sell one of them. i bought the house at abouth 160,000 and now they are scheduled to sell int he 330,000 price range, assuming i just would like to keep the profit, at what percent will my capital gains be at?
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For your federal income tax return, the maximum capital gains tax rate is 15%.
Ask a CPA in your area with some knowledge of RE, there may be tax credits that you could take advantage of before you sell.