Posted on: 07th Jul, 2011 05:09 pm
Hi , If i sell a an acera of land for a store to go in for 100000 how much capital gains tax would be on that and would that put me in a higher tax bracket for that year it in ohio thanks
Hi truezch,
The amount of capital gains tax that you need to pay will depend upon the profit that you make by selling off the property. You need to contact a tax adviser and he will be able to let you know how how much you need to pay.
The amount of capital gains tax that you need to pay will depend upon the profit that you make by selling off the property. You need to contact a tax adviser and he will be able to let you know how how much you need to pay.