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Capital gain tax

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jaminkat

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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.

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Icon Mini Profile smithsussane



Joined: 18 Sep 2008

Posts: 802
Location: Alaska


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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
 
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Susanne

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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.
 
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