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Old 12-08-2017, 08:59 AM
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Capital gains on sale of second home

How much will I owe in capital gains? I am in 33% tax bracket filing married jointly. Profit is around $250k. Looks like capital gain and state tax (Colorado) plus Medicare tax will add up to around %25. So my question is does the capital gain amount minus the 25% get added to my taxable income and put me into a higher 35% tax bracket.



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