Help with Tax Return of Investment Property Sale
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!