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re: Tax question on a home sale - ordinary income vs capital gains

Posted on 3/15/23 at 2:05 pm to
Posted by Lightning
Texas
Member since May 2014
2302 posts
Posted on 3/15/23 at 2:05 pm to
Eh, you made over half a mil in capital gains last year so the $6k dependent care credit shouldn't make too big a difference. Like you said, it was a one time thing, so the credit will be back next year too.

Congrats on the sale of your Hawaii property - you made out great on that!
Posted by Browncd81
Member since Nov 2020
490 posts
Posted on 3/16/23 at 12:06 am to
quote:

Eh, you made over half a mil in capital gains last year so the $6k dependent care credit shouldn't make too big a difference. Like you said, it was a one time thing, so the credit will be back next year too.

Congrats on the sale of your Hawaii property - you made out great on that!


Much appreciated. Probably once in a lifetime deal for me but yeah, absolutely grateful
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