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March 24, 2025
Question

Due to a home sale, I knew I'd be pushed into 20% rate for a *portion* of my LT Capital Gains (not the entire LT CG)? TT says my LTCG was taxed at 20%. Is that correct?

  • March 24, 2025
  • 1 reply
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    1 reply

    DawnC
    Employee
    March 25, 2025

    Your rate is dependent on your filing status and total taxable income; see below.   A Guide to Capital Gains

     

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