question regarding capital gains tax on property sold in 2013

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11-06-2013, 03:07 PM

heavyfuel

Junior Member

Join Date: Nov 2013

Posts: 3

question regarding capital gains tax on property sold in 2013

I sold land in 2013 for $506,000. The base land value was $154,000 and it was a long term capital gain.

My wife and I file jointly and our AGI together (through our jobs) will be around $250,000 for 2013.

Can anyone give me a rough estimate of what my tax burden will be for property sold?

I live in GA.

Kind regards,

JL

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