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  • Apr 7, 2009, 04:26 PM
    sales11
    1099 tax
    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
  • Jun 6, 2009, 11:15 AM
    AtlantaTaxExpert
    If it is short-term capital gains, about 28%.

    Long-term capital mgains is 15%.

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