The 50% of your capital gains are taxed like income and depending in which tax bracket you are, you will have to pay more or less. If you have no other income besides the $120,000 in capital gains, you will only have to pay $10k in taxes. I had to pay more because I already make over $100k a year.
The 50% of your capital gains are taxed like income and depending in which tax bracket you are, you will have to pay more or less. If you have no other income besides the $120,000 in capital gains, you will only have to pay $10k in taxes. I had to pay more because I already make over $100k a year.