Investment Property: How Much Can You Write Off on Your Taxes?
Zillow
JULY 11, 2019
If you're in the 28% tax bracket, you'll pay a 28% tax on short-term capital gains. Depending on your marginal income tax bracket, these taxes could range from 0% to 15%. In every bracket, however, the IRS takes a smaller cut out of long-term gains than out of ordinary income or short-term gains.
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