Capital Gains - how are they calculated?
Question-If your taxable income for married filing jointly is less than the $83,350 threshold does that put you into the zero percent tax bracket for capital gains? So if your gain on the sale of a property is $100,000, do you pay zero percent or 15% or some other calculation?
It seems like it should be easy to understand but, of course, it depends on your perspective. Thanks for any feedback.