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    sales11's Avatar
    sales11 Posts: 11, Reputation: 1
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    #1

    Apr 7, 2009, 04:26 PM
    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
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
    		  
    #2

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

    Long-term capital mgains is 15%.
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