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sales11
Apr 7, 2009, 04:26 PM
The only income I have to report is my 1099 as "capital gain" for total of $154,000.00.

How much federal taxes should I pay on that amount?

Antonio

AtlantaTaxExpert
Jun 6, 2009, 11:15 AM
If it is short-term capital gains, about 28%.

Long-term capital mgains is 15%.