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How Much Tax Will I Pay When I Sell


  • How Much Tax Will I Pay When I Sell My Property
  • When you sell a property, there is a chance you will have to pay Capital Gains Tax. Capital Gains Tax is the tax you pay on the increase in value you’ve incurred on the property. There are 2 types of Capital Gains Tax we will discuss:
  • Short-Term Capital Gains – This is when you buy and sell a property in less than one year. This type of capital gains is taxed at a higher tax rate.
  • Long-Term Capital Gains – This is when you buy and sell a property in more than one year. This type of capital gains is taxed at a lower tax rate.

Create an LLCCreate a CorpTax Returns in USA

  • Short Term Capital Gains
  • If a property is owned by an individual, or an LLC with individual owners, Short Term Capital Gains will be the same as your normal income tax rate. Later we will show you the tax breaks you get when the investment is long term capital gains. Remember, Short Term Capital Gains is when you buy and sell your property in Less Than One Year.
  • Marginal Tax Rate

    Single

    Married Filing Jointly

    Head of Household

    Married Filing Separately

    10%

    $0-$9,525

    $0-$19,050

    $0-$13,600

    $0-$9,525

    12%

    $9,525-$38,700

    $19,050-$77,400

    $13,600-$51,800

    $9,525-$38,700

    22%

    $38,700-$82,500

    $77,400-$165,000

    $51,800-$82,500

    $38,700-$82,500

    24%

    $82,500-$157,500

    $165,000-$315,000

    $82,500-$157,500

    $82,500-$157,500

    32%

    $157,500-$200,000

    $315,000-$400,000

    $157,500-$200,000

    $157,500-$200,000

    35%

    $200,000-$500,000

    $400,000-$600,000

    $200,000-$500,000

    $200,000-$300,000

    37%

    Over $500,000

    Over $600,000

    Over $500,000

    Over $600,000

Create an LLCCreate a CorpTax Returns in USA

  • Long Term Capital Gains
  • If your investment was owned for more than 1 year, then Long Term Capital Gains will apply. This is generally lower than Short Term Capital Gains. Long Term Capital Gains also gives you a 0% tax bracket up to $38,600. Again, this bracket below is for investors that own a property under their individual names, or an LLC owned by individual members.
  • Long-Term Capital Gains

    Single Taxpayers

    Married Filing Jointly

    Head of Household

    Married Filing Separately

    0%

    Up to $38,600

    Up to $77,200

    Up to $51,700

    Up to $38,600

    15%

    $38,600-$425,800

    $77,200-$479,000

    $51,700-$452,400

    $38,600-$239,500

    20%

    Over $425,800

    Over $479,000

    Over $452,400

    Over $239,500

Create an LLCCreate a CorpTax Returns in USA