I sold on investment property the last year. I think I need to fill the Schedule D form to report the profit. As far as I know, the long term capital gain should be 15%, but when I fill this form and then put in line 43 of the 1040, it seems to me that I would pay the tax as regular income.
Do you have such experience? Your input will be highly appreciated.
Thanks!
Help with Tax Return of Investment Property Sale
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地主终于浮出水面...
-一块五一卷-
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04/12/2007 postreply
09:15:58
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是不是TRIGGER AMT以后, 因为税率固定在28%了, 你就看不出来了?
-冬里-
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04/12/2007 postreply
09:36:23
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Here is the answer given by someone else- in case you need
-va_landlord-
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04/12/2007 postreply
09:57:21