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Tax, SDIRAs & Cost Segregation

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55
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Robert Hastings
  • Philadelphia, PA
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55
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short term vs long term capital gains?

Robert Hastings
  • Philadelphia, PA
Posted Apr 25 2017, 09:05

i invest in sub 50k homes.

i bough a house for 25k in December of 2016.  i have an offer for 59k.  

what should i expect to pay in capital gains if i sell for a 34k profit within one year (short term)?

what should i expect to pay in capital gains if i sell for a 34k profit after one year (long term)? 

my wife and myself are in a high tax bracket.  last year we grossed 150k combined.  this year (2017) we will probably gross over 250k combined income.  

thank you

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