Tax, SDIRAs & Cost Segregation
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by

Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by

1031 Exchanges
presented by

Real Estate Classifieds
Reviews & Feedback
Updated about 7 years ago on . Most recent reply
Long Term Capital Gains
If I am married filing jointly and we make $250,000 income during 2018 and then sell an asset for $750,000 Long Term Capital Gains, what will be the tax rate on the capital gains?
Trying to understand:
1) Are Long Term Capital Gains taxed at a progressive rate (part of the gain at taxed at 15% and the remaining that exceed total income of $479,000 taxed at 20% or does the entire amount get taxed at 20% if you cross the $479,000 income threshold)?