What are the capital gain rates?

What are the capital gain rates?
Below are types of property that when sold, qualifies for capital gain rates.

Collectibles – Collectibles include works of art, rugs, antiques, metal, gems, stamps, coins, and alcoholic beverages held for personal use. See §408(m)(3) for exceptions for certain coins and bullion.

Qualified Small Business Stock – 50% of gain from the sale of qualified small business stock held for more than 5 years is excluded from taxable income by noncorporate taxpayers. The portion of the gain that is not excluded is taxed at a maximum rate of 28%.

Note: For qualified small business stock acquired after February 17, 2009 and before September 28, 2010, the 50% gain exclusion is increased to 75%. For qualified small business stock acquired after September 27, 2010 and before January 1, 2011, the 50% gain exclusion is increased to 100%.

Unrecaptured §1250 Gain – Unrecaptured §1250 gain is the amount of long-term capital gain on the sale of real property due to depreciation not subject to §1250 recapture, i.e. the amount of depreciation not in excess of straight-line.

Other Capital Gain – Other capital gain means any long-term capital gain that is not collectibles gain, gain on small business stock, or unrecaptured §1250 gain. See attached table for a summary of capital gain rates.
For more information call or email
Amare Berhie, Senior Tax Accountant
ABA Tax Accounting
Phone 612-424-1540

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