How does capital gains tax affect my W2 income taxation?

[Jack B.]

I make 350K a year W2, so I'm paying 20% capital gains tax PLUS the surcharge of 3.8% for Obamacare for selling a long term rental I've owned for a few years. But how does the capital gains affect my W2 income taxation? Will I be taxed differently on W2 income? Slightly higher tax bracket if the capital gains are tacked on to my W2 income? But I don't pay taxes AGAIN based on my W2 tax rate on the capital gains right? From what I read, there is no effect on my other taxes on my W2 tax situation by paying capital gains taxes, is that correct?

[Julien Jeannot]

@Jack B.

Sounds like a question for your CPA.

I'm a CPA and have a CPA to handle my affairs. I leverage the professionals who have expertise to reach my goals. Each one of us have a different situations and although you have listed a lot of information, one does not know what one does not know.

Given your previous posts, you have options and at your tax bracket, W2, assets, its time to add to your team. I could not tell you how many times, I've seen clients and local investors shoot themselves in the foot by not consulting their team: CPA, Attorney, and Insurance agent.