- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
Captial gains tax question
Posted on 4/21/15 at 12:40 pm
Posted on 4/21/15 at 12:40 pm
I bought 6 acres of land a little over a year ago. I'm going to sell 3 acres of that land very soon for a little bit of profit. Is there any way to know how much capital gains taxes I will owe, if any? TIA for any help!
5
Posted on 4/21/15 at 1:00 pm to Patches O'houlihan
If Jimmy has 32 candy bars and eats 28 of them, how much does Jimmy weigh now?
Posted on 4/21/15 at 1:04 pm to Patches O'houlihan
Posted on 4/21/15 at 1:14 pm to Patches O'houlihan
Provide some more detailed information, and there are a million people on here who can help you.
Posted on 4/21/15 at 1:24 pm to Patches O'houlihan
Short answer is it's 15% of the gain, unless you're poor (then it's 0%) or in the top tax bracket (then it's 20%).
Posted on 4/21/15 at 9:48 pm to Patches O'houlihan
quote:
I bought 6 acres of land a little over a year ago. I'm going to sell 3 acres of that land very soon for a little bit of profit. Is there any way to know how much capital gains taxes I will owe, if any? TIA for any help!
15% of the profit unless you are in the top income tax bracket of 39.6% then you will be taxed 20% on capital gains
Page 1 of 1
Popular
Back to top
Follow TigerDroppings for LSU Football News