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    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?

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    0  Views: 366 Answers: 1 Posted: 13 years ago
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      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
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