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Financial Planning / Tax Strategies


Subject:  Re: Capital gains tax for an estate? Date:  7/9/2012  2:44 PM
Author:  karenlj Number:  116418 of 130391

The profit on the house can also push you through the 15% bracket.

Ah. I was not counting the profit on the house as income. Don't ask me why, but I wasn't. And yes, the profit definitely pushes me through the 15% bracket.

On the bright side:
1. I don't have to try to calculate exactly how much I can earn.
2. I don't have to turn down work I would like to do.
3. In the effort to calculate how much I had already earned, I cleared up 2 serious errors in my records.

Thank you all very much.

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