What Percentage of Capital Gain Do You Have to Pay in Taxes on Land?

Answer Capital gains tax is a special type of tax levied on money that you make by investing money for gain. It is different from income tax in that income tax is levied on income that you earn by working... Read More »

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Do capital gain taxes get cut from 401(k) stocks?

No, there will be no cuts on any capital gains tax rates until at least 2017 or later. Current capital gains tax rates on 401(k)s will remain where they are only until 2011, when they're scheduled... Read More »

How to Reduce Capital Gains Taxes on Farm Land?

Capital gains tax is levied on the sale of property employed in a productive use as an investment or for business purposes. Farm land is typically used for business purposes and as such, will be su... Read More »

Do you have to pay capital gains taxes on a foreclosure house?

Yes, you have to pay a capital gains tax on a house if you made a gain from the disposition of the house. But under the Mortgage Forgiveness Debt Relief Act of 2007, the federal government can exer... Read More »

What is the capital gain tax rate for nyc?