Tyler D.
Does this put me in the 0% or 15% tax bracket?
I own a property that I bought for 40k, and will now sell for 110k. I would like to sell it this year.My income this year was 38k. According to tax law that I've read online, this puts me in the 0% capital gains tax b...
Virginia Jones
Roth vs. traditional - Need help on which strategy is best
I've been listening to the "FIRE" community stating that it's best to max out pre-tax accounts and when you retire early, doing the conversions over to a Roth. This is assuming you will have a low enough income to be ...
Account Closed
No tax on $1,000,000 capital gains??
Hello Everyone,I read that if you've lived in your home for the past 2/5 years and you are in the 0% income tax bracket, then all capital gains are tax free.For example, if I retired in 2015 and receive no taxable inc...
Derek Serks
Capital gains tax on home owned less than 2 years.
Have a question about Capital gains tax on a home. This is for 2017 tax year. Owned a home for 23 months and sold it for profit. Can not use the 2 year capital gains exclusion so the full profit would get reported on ...
Philip Bourdon
IRA Distribution - Taxes
This is a question for you Tax-Savvy Folk out there. I'll soon be 59 1/2 and am planning take a distribution on a 403b (non-profit organizations) that I have with the intention of using it in a SD IRA (most likely wit...
Colton Joseph
Capital gains tax scenario
Lets see if anyone can help me with this scenario as I may face it in the near future...For scenario reasoning lets say I am typically in the 10% tax bracket.I purchase a lot on January 1, 2016 for $18,000 and start t...
Horacio Gutierrez
Capital gains tax after selling rental property
@Ashish AcharyaSay 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...
Account Closed
Tax question
Do long term or short term gain affect your tax bracket. If you want to know what your going to pay in short term gains you need to know your tax bracket, but since short term is ordinary income, doesn't that change ...
Yoni Haiminis
How do you Calculate Long term Capital Gains Taxes?
I am looking for any advice or info on how to correctly calculate long term capital gains taxes for a property owned for more than 2 years. I know this will vary dependent on tax brackets. I was looking for calculati...
Rashad Jones Jennings
What is the Capital Gains Tax Rate right now?
I am working with an older investor who is trying to off load a Commercial building and wants to know what the Capital Gains taxes are before he commits to sell. I've been on google to search but I am coming up with d...