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Subject:  Re: taxes on sale of vacation home question Date:  7/6/2009  9:23 PM
Author:  irasmilo Number:  106439 of 130022

There is a special zero capital gains tax rate through 2010 for people with low enough taxable income to be in the 10 or 15% tax bracket. I’m not a tax pro but I would think that this would probably apply to real estate sales but I am not 100% sure. (Any definitive answers?)

Yes, it applies to real estate sales as well. I don't remember if the original post dealt with a vacation rental property or just a second home. If it was a rental property, there are some other considerations that apply.

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