K E V 8 4 LSU Fan H-town Member since Jul 2010 205 posts
re: What is the tax rate on gains from selling a property? (Posted on 1/5/13 at 1:10 pm to boosiebadazz)
Looks like you have knowledgeable folks responding. The only other unknown I can think of is depreciation. Has this property been depreciated at all (say, for tax reduction purposes on income if it was rented) since being purchased? If it was, that would lower your cost basis and increase your taxes on sale.