Capital Gains and Losses
Capital Gains Tax Questions? Ask a Tax Advisor for Answers ASAP
Good afternoon, my name is Alexander; I'm an EA, and am happy to assist you with this question.
The long-term capital gains rate for a grantor type trust is the same as they are for an individual (15%/20%/marginal tax rate depending on income circumstances). If the property has been held for at least one year and one day at the time of sale, it will be considered long-term and qualify for the preferential capital gains rates of 0% (if you're in the 10-15% tax bracket), 15% (if you're in the 25-35% tax brackets) or 20% (if you're in the 39.6% tax bracket).
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