Updated about 2 years ago on .
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Does this put me in the 0% or 15% tax bracket?
I own a property that I bought for 40k, and will now sell for 110k. I would like to sell it this year.
My income this year was 38k. According to tax law that I've read online, this puts me in the 0% capital gains tax bracket.
Does this put me in the 0% tax bracket for 38k of income? Or would the 70k profit on the sale of my house be included, which brings me into the 15% bracket?
Much thanks for the info.