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Updated over 8 years ago on . Most recent reply

Samantha Klein's profile image
Samantha Klein's profile image
Samantha Klein
  • Investor
  • from Monroe, Wisconsin
  • Member since Dec 24, 2015
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Samantha Klein's profile image
Samantha Klein's profile image
Samantha Klein
  • Investor
  • from Monroe, Wisconsin
  • Member since Dec 24, 2015
Connect
Samantha Klein
  • Investor
  • Monroe, WI
610
Votes |
691
Posts
Tax, SDIRAs & Cost Segregation

CPA NEEDED....

Samantha Klein
  • Investor
  • Monroe, WI
Posted

Hi, I am asking a question for my father, his only income is social security, he gets $975 a month. He sold a collector car he's had for more than a year last month and he's made a capital gain of 30k, he wants to know if he has to pay taxes on that 30k gain or if he will qualify for $0 rate due to his income. Can a CPA please advise? Thanks!

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