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If I owned a second home and held for more than five yrs and the appreciation was 500,000 what would the tax bill be?
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https://www.fool.com/retirement/2016/12/11/long-term-capital-gains-tax-rates-in-2017.aspx
http://fairmark.com/general-taxation/reference-room/2017-tax-rate-schedules/
This can trigger the NIT and AMT as well.
https://www.irs.gov/newsroom/net-investment-income-tax-faqs
http://www.fool.com/answers/faq/capital-gains-affect-amt/
Also remember State taxes.
Of course, all this assumes no 2017 Federal tax law changes.
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