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Capital gains tax after selling rental property
@Ashish Acharya
Say my tax bracket is 10% capital gains and ordinary tax bracket 20%. I sell my rental property and earn $250000 and my current salary $150000 which applies 3.8% because it's over $250000. Also next tax bracket is 25% for ordinary tax. Does that mean I will pay 10% on the $250000 for capital gains and 3.8% on $150000 and far as my ordinary which is $150000 will I still pay the same amount taxes for amount tax bracket which is 20% on the $150000 or will I be on the 25% tax bracket because I made more than my usual tax bracket with the capital gains tax or will it be 3.8% I pay and stay at 20% tax bracket?