Can long term capital gains rate be higher than 20% ?
Long term capital gains rate is 20% in all cases except in the following three situations the capital gains may be taxed at rates greater than 20%:
- If the capital gains earned on the sale of section 1202 qualified small business stock which is taxed at a maximum 28% rate.
- If you sell collectables like as coins or art, then also gains are taxed at 28% rate.
- The portion of any unrecaptured section 1250 gain from selling section 1250 real property is taxed at a maximum 25% rate.
Have you tried capital gains calculator for 2019 & 2020 ?
Prashant Thakur Changed status to publish February 19, 2020