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Updated over 7 years ago on . Most recent reply

User Stats

70
Posts
14
Votes
Terone Johnson
  • Investor
  • Indianapolis, IN
14
Votes |
70
Posts

Capital Gains Tax or Income Tax paid on Transaction

Terone Johnson
  • Investor
  • Indianapolis, IN
Posted

Hey Everyone, 

need some help here. Does anyone know how I can find out what capital gains tax or income tax my seller would be charged on a specific deal I am in the works with right now? Seller wants to know how much they will pay in taxes and pocket after the deal. This deal is in Indianapolis, Indiana. zip code 46228. Seller is in the 30% tax bracket. 

Thanks ahead of time for the help! 

Terone

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