capitol gains tax - Posted by mike

Real Estate Investing
1

Posted by Rolfe Kurtyka on November 13, 2000 at 23:36:37:

If you hold the property less than 12 months, any gain on sale will be taxed as ordinary income, at your current tax rate.

Rolfe

2

capitol gains tax - Posted by mike

Posted by mike on November 13, 2000 at 22:12:18:

I just bought a property 6 months ago and am selling soon for a small profit.If my income is so little that I do not pay taxes will I still have to pay the capitol gains tax? Thanx.