Long term capital gain rate on residence house?

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  • AZ-Tax
    Senior Member
    • Feb 2008
    • 2604
    #1

    Long term capital gain rate on residence house?

    What is the capital gain rate (for gain over the exclusion) on a residential house held for 20 yrs sold in 2009?
    Tags: None
    • ChEAr$
      Senior Member
      • Dec 2005
      • 3872
      #2
      Originally posted by AZ-Tax
      What is the capital gain rate (for gain over the exclusion) on a residential house held for 20 yrs sold in 2009?
      Depends on taxpayer's marginal tax rate; maybe 0%, maybe 15%. Your software should
      sort it out for you.
      ChEAr$,
      Harlan Lunsford, EA n LA

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