Generally, profits from selling assets such as securities and real estate held in taxable accounts are classed as long-term if the holding period was longer than one year. Tax rates on long-term capital gains are 0%, 15%, or 20%, depending on the seller’s income.
What’s Inside
- Using the 0% tax rate
- Working around the new “kiddie tax”
- Final regulations clarify IRC Section 199A
- Tax calendar