Posted by randyOH on April 20, 2010 at 14:32:00:
- Was the 30k the selling price or the gain? If selling price, what was your tax basis in the property?
- Did you have to pay any AMT?
- What state are you in?
- How did you come up with the 18k number?
Posted by randyOH on April 20, 2010 at 14:32:00:
Capital Gains tax, Doesnt make any sense - Posted by Kertis
Posted by Kertis on April 20, 2010 at 10:44:30:
I sold a property for $30,000 last year and purchased another property for the same amount, last year… Did my taxes this year and had to pay 18,000 in capital Gains tax… Is this a ripoff or what? I dont understand…