by 
Anonymous
ANSWERS: 1
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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
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