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Employee
April 14, 2018
Question

Ive entered a capital gain and its not changing my tax owed

  • April 14, 2018
  • 1 reply
  • 0 views

$12,352 in Capital Gain on an inherited property and my tax obligation (Federal) did not change?

Is this possible or am I missing something

    1 reply

    Employee
    April 14, 2018

    It's possible that your capital gains did not increase your tax liability because the lowest long-term capital gains tax rate is 0%. For more information, please see Capital Gains and Losses.