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Updated almost 6 years ago,
Capital Gains Tax at 0%
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?