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by Sherri on October 31st, 2009
What is the short term capital gains tax rate?
by Answerbag Staff on May 6th, 2010
| 1 person likes this
I am a mexican citizen residing in mexico and want to open a brockerage account in the United States. I will have the W8BEN form. Do I have to pay taxes on capital gains, on interest, on dividends. If so, at what rates? Will anything be withheld?
by Bernie on July 12th, 2007
| 1 person likes this
We would like to sell a 2nd home that was gifted to us. We are in the 10 or 15% bracket. If we wait until 2008 would we not pay $0 in capital gains under the TIPRA act of 2006?
by nwrookies on July 16th, 2007
| 1 person likes this
Should the preferential (low) tax rates on capital gains and dividends be applied only to the first $50k or so of this kind of income? Why?
by Daryl on May 24th, 2012
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Is there a maximum federal capital gains tax rate?
by Kim Yoo on October 19th, 2005
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You're reading Are we required to pay 28 percent capital gains taxes on a house we are selling?
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Comments
Good questions. I would add also depending on the answers to theose questions you would only pay the tax on the amount over the money paid less improvements. If this was your primary for at least 2 of the last 5 years the first $500,000 is exempt for a married couple - half for a single. I believe those are the correct amounts. +5& 6
by dumdum on October 31st, 2009
and less the expenses of selling. And yes, you are correct: $500/$250K.
by Sherri on October 31st, 2009
Thanks Sherri for the info,
by keithold is a prodigal bagger on October 31st, 2009
u r welcome,but I don't think I helped much! +5 toward your 1000.
by Sherri on October 31st, 2009