Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Tax, SDIRAs & Cost Segregation
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 5 years ago on . Most recent reply

User Stats

22
Posts
10
Votes
Alex Howard
10
Votes |
22
Posts

What are my short term capital gains tax?

Alex Howard
Posted

My wife and I are in the 22% tax bracket for our employment income. Is the rate my short term capital gains taxed at dependent on the amount I make from the sale of my flip or is it taxed at my income rate (including the income from the flip)?

Most Popular Reply

User Stats

100
Posts
71
Votes
Adam Rasmussen
  • Accountant
  • Vancouver, WA
71
Votes |
100
Posts
Adam Rasmussen
  • Accountant
  • Vancouver, WA
Replied

The short term capital gain rate is determined by your total taxable income. Your wages and flip less deductions come up with that marginal rate. Short term capital gain rates are the same as your ordinary income rates. 

You will also need to factor in the self-employment taxes on the flip. Which is an additional 15% on the net income from the flip.

Loading replies...