What are the capital income tax rates

that can depend on the type of entity the business was and what you sold. it's simple if you had and S-Corp and sold your stock to an outsider. then its long-term capital gain/loss for the difference between the sales price and your tax basis in the S-Corp. it's more complicated if you sold the assets of the business and whether or not the buyer assumed whatever liabilities there were. in this case I strongly suggest you confer with a tax pro to go over the sale becuase some parts can be ordinary income and other parts can be capital gain. there is also a requirement to include form 8594 in the return for the year of sale. The buyer must include a similar form and the iRS does compare then to make sure the same numbers were used by both.