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Updated over 4 years ago on . Most recent reply

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Lam Le
  • Riverside, CA
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Capital gain tax rate based on income

Lam Le
  • Riverside, CA
Posted

What is capital gain tax rate on sale of rental property? Is it based on income? My income is only 35K.

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Wayne Brooks#1 Foreclosures Contributor
  • Real Estate Professional
  • West Palm Beach, FL
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Wayne Brooks#1 Foreclosures Contributor
  • Real Estate Professional
  • West Palm Beach, FL
Replied

The capital gain gets added to your other income to determine which bracket you are in. 

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