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Author: DFortuneSeeker Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 121427  
Subject: capital gains tax Date: 12/17/1998 1:58 AM
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First, is the absolute bottom line on lont-term(assets held for more than one year before being cashed in Foolishly) capital gains tax set at 20% or 28% regardless of income tax bracket?

Second, is the sale of a rental home (not primary residence but owned and rented to a second party for investment purposes) considered a capital gain and the income from the sale taxed as such or not?
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