Capital gain tax

Author Message
jaminkat

Guest






PostPosted: Thu Sep 25, 2008 8:11 pm    Post subject: Capital gain tax

I'm currently wanting to sell two parcels of acrage in Washington State.
The price total was $65,000 in 1996. I'm in the 15% tax bracket. Selling price is $164,950. Realter is getting 8%. What is my capital gain tax.

_________________
Need help choosing the right loan? Get free consultation from community lenders/consultant
Icon Mini Profile smithsussane
smith.sussane



Joined: 18 Sep 2008

Posts: 3738
Location: Alaska
561.45 Dollars($)
PostPosted: Thu Sep 25, 2008 10:10 pm    Post subject:

Hi jaminkat!

Welcome to the Forums!

To calculate the capital gains tax, please take a look at the link given below:

http://www.mortgagefit.com/quitclaim/reversedeed-cancelprofit.html#479 75

Feel free to ask if you have further queries

Sussane
Susanne

Guest






PostPosted: Fri Sep 26, 2008 1:52 am    Post subject:

Hi jaminkat!

It will be better if you could consult a person dealing with Capital Gains Tax.
Quick Reply
Your Name
Subject
Message body

All times are GMT - 7 Hours
Page 1 of 1

 
Highlights
Financial Tools
Credit Repair Tool New
Mortgage Planner
Simple Budgeting Tool


Helpful References
34 Tax tips boost your savings
12 financial ways for Seniors
Budgeting Lesson 1
401k/403b Retirement Loan


Calculators     [View all]
Calculate Debt-Income Ratio
Calculate Retirement savings
Convert IRA to Roth IRA
Tax savings in 1031 Exchange


Our Community
MortgageFit Blog
Community Professionals
Community Rewards
Introduce yourself
Website tools


Community Rewards
Five simple ways to earn money with the Mortgage Community.

MortgageFit Live Help





DebtConsolidationCare    Insurance community: We Make You Insurance Smart    CreditMagic: Helping you build up credit


We have chosen to apply the Creative Commons Attribution License to all works we publish. This work is licensed under cc by 2.0