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Marvin,EA, Enrolled Agent
Category: Tax
Satisfied Customers: 1672
Experience:  Enrolled to Represent Taxpayers Before The IRS
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what do i pay on capital gains on 475000 in mass i started

Customer Question

what do i pay on capital gains on 475000 in mass i started business and irent it iam selling tthe business its a restauranive been there for 19 years ago we purchesed the contents for35000
Submitted: 8 years ago.
Category: Tax
Expert:  Marvin,EA replied 8 years ago.
Hello and thank you for using Just Answer. Capital gains rates is 15% of the net proceeds from the sale of the business.

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