Quote:
Originally Posted by RunningBum
I shouldn't have side tracked this thread. Apologies to Earl E. if their questions are not yet answered.
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No worries. I got the helpful answers I was looking for.
I learned 2 things that affect my situation:
1) There is no way I will get 0% capital gains rate since I did not realize that this includes all regular income as well. So, 15% it is.
2) the 25% is a max rate on capture depreciation. So, it is possible I pay 15% on that amount. Although that is the smaller of the taxable hits.
Feel free to hijack the thread away …
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