Long-Term Capital Gains
Source: IRS
Long-Term Capital Gains
Generally, gain from the sale or exchange of a capital asset held for personal use is a capital gain. The 2018 tax law rates on net capital gains and qualified dividends are:
Married Filing Jointly and Surviving Spouse
Tax Rate Long-Term (held for over 1 year) Capital Gains and Qualified Dividends
00% $0 to $77,200
15% $77,201 to $479,000
20% $479,001 or more
The 15% threshold is $38,600 for married taxpayers filing separately), $51,700 for head of household, $2,600 for trusts and estates, and $38,600 for other unmarried individuals.
The 20% threshold is $238,500 for married taxpayers filing separately, $452,400 for head of household, $12,700 for estate and trust, and $425,800 for other unmarried individuals.
Note 1. 3.80% surcharge for Net Investment Income MAGI in excess of $250K for MFJ.
Note 2. California has no separate capital gains tax rates and applies their ordinary tax rates.
Zaher Fallahi, Attorney At Law, CPA, is a Tax Controversy Firm and defends taxpayers in resolving their Income Tax and Offshore Accounts (FBAR and FATCA) problems. Telephones: (714) 546-4272, (310) 719-1040, Toll Free 1-877-687-7558, e-mail taxattorney@zfcpa.com