The Money Mustache Community
Learning, Sharing, and Teaching => Real Estate and Landlording => Topic started by: jbfishing on October 11, 2016, 07:41:52 AM
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We sold a rental property this year and we are in the 15% tax rate. Does that mean we won't have to pay capital gains taxes? Or is it different than capital gains tax rates for stocks?
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If it's a long term investment (over a year) and you still fall in the 15% bracket including the gain, it will be taxed at 0%. Any depreciation you have taken over the years will be taxed at your ordinary rate.