Whet you will owe is dependent on your total income for the year. Inherited property is allowed to be considered "Held Longterm" no matter how long you actually owned it. This lets you use the Capital Gains Rates instead of ordinary tax rates.
Capital Gains Rates are set by your filing status and income for the year. It could be 0% rate or up to 20%.
The tax rate on most net capital gain is no higher than 15% for most taxpayers. Some or all net capital gain may be taxed at 0% if you are in the 10% or 15% ordinary income tax brackets.
However, a 20% tax rate on net capital gain applies to the extent that a taxpayer’s taxable income exceeds the thresholds set for the 39.6% ordinary tax rate ($413,200 for single; $464,850 for married filing jointly or qualifying widow(er); $439,000 for head of household, and $232,425 for married filing separately).
It really depends on your income for the year not just the gain on the sale.
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