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My mother,who is 80,will be having some capital gains this year for the first time.Her income from social security and pension is about $14000.She will have about $5000 in gains.Will she have to file taxes on the gain and will she be able to use the new 8% rule on the sale?

It's actually the gross proceeds from the sale that will likely trigger the need to file a return. And if she does have any tax to pay, she will indeed be able to take advantage of the 8% rate as long as she held the capital item for at least 5 years.

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