Capital gains tax rate on vacation home sale
Wisconsin Department of Revenue: Individual Income Tax Sale of Home If I take the exclusion of capital gain on the sale of my old home this year, can I also the depreciation deduction allowable for the portion of the home for that taxable Provide proof that the property was your principal residence. Taxable Gains. If the sale is deemed taxable, you may pay 25% tax or 35% on the net profit after They have $325,000 Adjusted Gross Income (before adding taxable gain). Capital Gain: Sale of a Non-Real Estate Asset Gain on Sale of Vacation Home.