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    what would the capital gains tax be on swamp land of 12 acres?

    0  Views: 331 Answers: 1 Posted: 13 years ago

    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



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