Posts Tagged ‘capital’

I have a leasing property and want to know what percentage the tax is on captial gaines if I were to sell my property. I was thought it is 15% am I incorrect?

I remarried and went out of my house four years ago. My son remained there until recently. Now I’m equipped to sell the house, but do not know if the house would be considered a leasing property, since he paid no rent, or would it be considered to have been full by me? I am concerned about capital gains taxes, since I have owned the property since 1983.