2018 Capital Gains Tax Rates — and How to Avoid a Big Bill.
All about long-term and short-term capital gains tax rates, including what triggers capital gains tax, how it’s calculated, and 6 ways to cut your tax bill.
In 2018 the capital gains tax rates are either 0%, 15% or 20% for most assets held for more than a year 21 Feb 2019
What is the capital gains tax on real estate in California?
If you do have to pay capital gains on the sale of your property, you will pay either 15 percent as a short-term capital gain if you owned the property for one year or less, or 20 percent as a long-term capital gain for properties owned more than one year. However, much depends on a person’s overall income.9 Dec 2018
How do I avoid capital gains tax on property?
1031 exchange. If you sell rental or investment property, you can avoid capital gains and depreciation recapture taxes by rolling the proceeds of your sale into a similar type of investment within 180 days. This like-kind exchange is called a 1031 exchange after the relevant section of the tax code.1 Jun 2014
How much is capital gains tax on a house in California?
The federal government taxes home-sales profit over the $250,000/$500,000 limit at rates up to 23.8 percent. California taxes capital gains the same as ordinary income, at rates up to 13.3 percent.15 Feb 2016
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