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Updated almost 6 years ago,

User Stats

226
Posts
96
Votes
Donald Hendricks
  • Investor
  • Clarksville, IN
96
Votes |
226
Posts

Capital Gains Tax at 0%

Donald Hendricks
  • Investor
  • Clarksville, IN
Posted

Ok...  I have been alseep at the wheel for a minute, so I am not up to date.

I have decided to sell a rental house that I have had for over 2 years, so it is in the long term catagory.  I am selling because I moved out of state and I worry about the house all the time.  I Googled Capital gains and am reading that if I am married and filing jointly and make less than $78,750 income that my tax liabilty on gains is 0%.

For real?

What am I missing?

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