Capital gains rates
In general
In the case of an individual, estate, or trust, any adjusted net capital gain which otherwise
would be taxed at the 10- or 15-percent rate is not taxed. Any adjusted net capital gain which
otherwise would be taxed at rates over 15-percent and below 39.6 percent is taxed at a 15percent rate. Any adjusted net capital gain which otherwise would be taxed at a 39.6-percent rate
is taxed at a 20-percent rate.
I was reading the bill to figure out long term capital gains rates and noticed they forgot to change the text from 39.6 to 37 to reflect the top rate change. So does this mean that the 20 percent rate no longer applies? Time to sell my rental!
