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Hi , If i sell a an acera of land for a store to go in for 100000 how much capital gains tax would be on that and would that put me in a higher tax bracket for that year it in ohio thanks

adonis · Posted: Thu Jul 07, 2011 9:10 pm Post subject:

Hi truezch,

The amount of capital gains tax that you need to pay will depend upon the profit that you make by selling off the property. You need to contact a tax adviser and he will be able to let you know how how much you need to pay.

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