Ask a Question
or
Create a Poll
  1. Home /
  2. Questions /
  3. Finance
  4. / Income Tax Laws & Regulations
  5. / Income Tax Law In General

by Anonymous on February 5th, 2007

Anonymous

Question

Help answer this question below.

What is the 2006 capital gains rate on the sale of a home in Louisiana.

Share:
Other

Answers. 1 helpful answer below.

  • by LOLCAT on February 5th, 2007

    LOLCAT

    The capital gains rate is either 5%, 15%, 25%, or 28%. It is a nationwide figure, not a statewide.

    5%:
    Applies to people in the 10-15% income bracket. If you owned the property for less than a year, more than likely it is 5%.

    15%:
    Applies to long term investments and to most investors.

    25%:
    Applies to part of the gain from selling real estate you depreciated.

    28%:
    Small business stocks and collectibles.

    You are more than likely going to have to pay a 25% capital gains rate on your sale.

    For further information:
    http://www.bankrate.com/brm/itax/news/taxguide/review-rates1.asp?caret=28

    No comments. Post one | Permalink

Want to attach an image to your answer? Click here.

Did this answer your question? If not, then ask a new question or create a poll.

More Questions. Additional questions in this category.

You're reading What is the 2006 capital gains rate on the sale of a home in Louisiana.

Follow us on Facebook!

Related Ads

Related Questions

Professionally Researched

ANSWERBAG BUZZ

Out of state capital gains

Answerbag

a Demand Media company