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 |