Author Topic: Real estate capital gains tax rates  (Read 1060 times)

jbfishing

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Real estate capital gains tax rates
« on: October 11, 2016, 07:41:52 AM »
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?

Spitfire

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Re: Real estate capital gains tax rates
« Reply #1 on: October 12, 2016, 08:10:34 AM »
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.