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Stephen G.
Stephen G., Financial Advisor
Category: Capital Gains and Losses
Satisfied Customers: 6103
Experience:  Senior Tax Expert; CPA/PFS(retired)Personal Financial Planner; Small Business & Professional Mergers & Acquisitions
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Is the capital gains tax rate based on the tax bracket that

Customer Question

Is the capital gains tax rate based on the tax bracket that your normal income falls into.i.e. if your income is in the 10-15% bracket do you realljy pay Zero to the IRS
Submitted: 7 months ago.
Category: Capital Gains and Losses
Expert:  Stephen G. replied 7 months ago.

Not exactly. You have to include the capital gain in that determination.

So, add the capital gain to your other income & see where falls, that will determine the capital gain rate to apply.

So the zero rate only applies to low income low capital gain income.

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