Skip to main content
Message Font: Serif | Sans-Serif
No. of Recommendations: 0
Phil, I'm assuming what is meant by the 28% bracket here is the capital gains rate bracket, which is really 20% but still called 28% on the forms, etc. Is that right?

No. You're probably thinking of the "28% gains," a subset of long-term capital gains. The "28% bracket" is the standard tax bracket found on the Tax Rate Schedules.

BTW, we're still trying to get some clarification on whether one can combine the 1/1/2001 deemed sale and the section 121 exclusion of gain on sale of personal residence.

Phil Marti
Print the post  


In accordance with IRS Circular 230, you cannot use the contents of any post on The Motley Fool's message boards to avoid tax-related penalties under the Internal Revenue Code or applicable state or local tax law provisions.
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.