Explore the 1,000’s of tax questions answered by professionals.

Back to Capital Gains Tax

QUESTION DETAIL

Related User

Votes

What is the current capital gains tax on the sale of land?


ANSWER


Expert Wray Rives's Answer:

 US long term capital gain tax rates are 

 

0% for taxpayers in the 10 or 15% ordinary income tax brackets

 

15% for all other taxpayers

Wray Rives, CPA

Texas

29 yrs experience

  • Currently 4.8333/5 Stars.
  • 1
  • 2
  • 3
  • 4
  • 5
52 Ans.

COMPANY INFORMATION




We do not offer or provide any investment advice or services or opinion regarding the nature, potential, value, suitability or profitability of any particular security, portfolio of securities, transaction or investment strategy.

Copyright © 2024 BIDaWIZ, Inc. Privacy Policy | Terms & Conditions