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Wallstreet Esq.
Wallstreet Esq., Tax Attorney
Category: Tax
Satisfied Customers: 586
Experience:  10 years experience
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What is the rate of tax I will pay on the gain from the sale

Customer Question

What is the rate of tax I will pay on the gain from the sale of my house
JA: What state are you in? It matters because laws vary by location.
Customer: California
JA: What steps have you taken so far?
Customer: I anticipate the net sale price or $1,300,000, and an adjusted basis of $900,000. Haven't sold yet.
JA: Anything else you want the lawyer to know before I connect you?
Customer: Only that my question is in anticipation of selling and all costs are included oil the above figures.
Submitted: 10 months ago.
Category: Tax
Expert:  Richard replied 10 months ago.

Hi! My name is Richard & I will be helping you today! It will take me a few minutes to type a response to your question. Thanks for your patience!

Expert:  Richard replied 10 months ago.

Good evening. Are you married? Or, do you own this home alone as a single person? Thanks.