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CGassist.168
CGassist.168, Accountant
Category: Capital Gains and Losses
Satisfied Customers: 3444
Experience:  Tax Accountant
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Is there a different rate gains exceeding a certain

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Is there a different rate for capital gains exceeding a certain amount in one calendar year
Submitted: 1 year ago.
Category: Capital Gains and Losses
Expert:  CGassist.168 replied 1 year ago.
Thank you for contacting us today. My name is ***** ***** my goal is to efficiently assist you with your Capital Gains matters.
Q: Is there a different rate for capital gains exceeding a certain amount in one calendar year
A: Indirectly yes. I use the word indirectly because the capital gains rate is determined by the amount of income. As capital gains income tacks on to ordinary income, that could affect the rate. Currently the long term capital gains rates range from 0-20%. You can refer to the following IRS webpage for more detailed information regarding capital gains.
http://www.irs.gov/taxtopics/tc409.html
Let me know if I can be of further assistance to you regarding this matter.

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