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Capital gains tax on home owned less than 2 years.
Have a question about Capital gains tax on a home. This is for 2017 tax year. Owned a home for 23 months and sold it for profit. Can not use the 2 year capital gains exclusion so the full profit would get reported on schedule D. Now the question is since the income bracket is at the 12% normally you would be in the 0% capital gains bracket but it also states that this does not apply to real estate so what % tax would be charged on this capital gains?