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Old 03-28-2015, 10:02 PM
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capital gains tax rate for 15% income tax bracket

HI For 2015 i plan on having total taxable income of around $30,000

I have (from a Trust distribution ) a rather large amount of capital gains, over $50,000. I received this distribution in January 2015.

I thought i was going to have to start making IRS Quarterly estimated payments, especially for a 15% capital gains tax rate for the sizable amount (over $50,000 ) of capital gains ( Land Sale ) on a Trust Distribution.

If i keep my 2015 ordinary taxable income below $36,900 ( the top of the 15% income tax bracket ) will i then have a long-term capital gains tax rate of 0% ?



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Old 03-29-2015, 02:17 AM
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I thought i was going to have to start making IRS Quarterly estimated payments, especially for a 15% capital gains tax rate for the sizable amount (over $50,000 ) of capital gains ( Land Sale ) on a Trust Distribution.====>>>>>>>>>.correct; There are plenty of circumstances in which such charges apply.
the irs will charge you a penalty if you haven't paid 90% of what you owe for the tax year or an amount equal to 100% of your tax liability for the prior year, whichever is smaller. In other words, if you owed a total of $20k in taxes last year, and will owe $30k this year, you're in the clear as long as you have paid at least $20k by Dec. 31.


If i keep my 2015 ordinary taxable income below $36,900 ( the top of the 15% income tax bracket ) will i then have a long-term capital gains tax rate of 0% ?===========>>>>>>>>>>>yes aslongas your masrginal tax rate is 15% o rlower then cap rate’d be 0% however, the large amount of capital gains’d increase your tax bracket.onceit goes up 255 or higher then tax rate is 15%.



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