close
    1. Home
      2. ›
    2. Uncategorized
      3. ›
    3. what would the capital gains tax be on swamp land of 12 acres?
    what would the capital gains tax be on swamp land of 12 acres?

    Answer this
    0  Views: 368 Answers: 1 Posted: 13 years ago
    Comment this question

      1 Answer

      Capital gains tax is the difference between what you paid for the "swamp" and a) the amount you got or would get if you sold it.


      Paid $2000 got $2500 capital gain is $500 so tax on $500 at your tax level

      13 years ago. Rating: 2
      Comment this answer



        Did this answer your question? If not, then ask a new question.

        Top contributors in Uncategorized category

         
        ROMOS
        Answers: 18061 / Questions: 154
        Karma: 1102K
         
        Colleen
        Answers: 47269 / Questions: 115
        Karma: 953K
         
        country bumpkin
        Answers: 11322 / Questions: 160
        Karma: 838K
         
        Benthere
        Answers: 2392 / Questions: 30
        Karma: 760K
        > Top contributors chart

        Unanswered Questions

        w388uscom
        Answers: 0 Views: 9 Rating: 0
        333winukcom
        Answers: 0 Views: 11 Rating: 0
        XZV
        Answers: 0 Views: 10 Rating: 0
        Kinh88 ⭐️ Trang Chu Nha Cai King88 | Tang 8.888K
        Answers: 0 Views: 9 Rating: 0
        kubetpchwio
        Answers: 0 Views: 6 Rating: 0
        99OK: Cong Giai Tri Dinh Cao – Kham Pha The Gioi Ca Cuoc Dang Cap
        Answers: 0 Views: 11 Rating: 0
        6Ffflive1
        Answers: 0 Views: 15 Rating: 0
        dola789wang
        Answers: 0 Views: 11 Rating: 0
        > More questions...
        525396
        questions
        758402
        answers
        872106
        users