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Question

Is the capital gain rate in 2009 still 0% for people who end up in the 10 or 15% tax bracket?

Submitted: 15 days and 9 hours ago.
Category: Tax
Value: $30
Status: CLOSED
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Optional Information

State/Country relating to question: Colorado

Accepted Answer

Hello,

Thanks for your question.

Yes, the long-term capital gain tax rates are 0% through the tax year ending Dec. 31, 2010 at this time for taxpayers in the 10 and 15% tax brackets. It is 15% for taxpayers who are in higher than 15% tax brackets. You have to have held the asset for more than 1 year.

see http://www.taxfoundation.org/taxdata/show/2088.html

Hope this helps.
Best regards,


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Expert: JK_CPA
Pos. Feedback: 100.0 %
Accepts: 
Answered: 11/5/2009

Certified Public Accountant (CPA)

with 5 years accounting experience and 18 years tax experience.

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