capital gain tax

[minibebu]

What is the name of your state? WA

What is the standard percentage for capital gain tax?

 

[HomeGuru]

What is the name of your state? WA

What is the standard percentage for capital gain tax?

**A: it depends...

 

[minibebu]

What would it depend on? What factors would change the percentage?

 

[anteater]

There isn't a "standard." Hold the asset one year or less, and it is at your ordinary marginal rate. More than a year and it's generally 5% and/or 15%, depending on the rest of your income.

And then there is 25% for depreciation recapture and 28% for collectibles.

Take your pick.