Ask Experts Questions for FREE Help !
Ask
    vansant6's Avatar
    vansant6 Posts: 1, Reputation: 1
    New Member
     
    #1

    Jul 28, 2011, 03:17 PM
    What is the extate tax on long-term capital gains
    What is the estate tax rate on long-term capital gains
    ebaines's Avatar
    ebaines Posts: 12,131, Reputation: 1307
    Expert
     
    #2

    Jul 29, 2011, 07:57 AM

    The federal estate tax rate is essentially a flat 35% on the value of the estate above $5 million, and after applicable credits (for decedants who pass away in 2011). The souce of funds in the estate is immaterial.

    Or are you asking about income tax rates for an estate (which is a different matter)?

Not your question? Ask your question View similar questions

 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

1040NR for long term capital gains? [ 2 Answers ]

How do I file 1040 NR for long term capital gains. I had bought shares for $5605 in 2008 and sold them in September 2010 for $14965,with net profit of $9360. I am not sure on how to file tax for this. Should I use schedule D or not. There was no dividend

Short term vs long term capital gains, loss carryovers [ 4 Answers ]

Back in 2000 and 2001, I had short term capital losses that exceeded the 3000 dollar limit. Each year, I've been able to deduct 3000 dollars since my short term gains have been minimal. I still haven't used up all my 2000 and 2001 short term losses. I had some long term gains in 2000, but...

Can short term capital losses offset long term capital gains in the same tax year? [ 1 Answers ]

A friend sold some investment real property this year and had a large long term capital gain. He invested the proceeds in the market and the values are down. If he sells the investments now he will have some short term capital losses. Can he use the STCL to offset the LTCG? He also paid...

Q: Amened tax return involving long-term capital gains [ 2 Answers ]

Hi, I need to amend my tax return for 2006. I overlooked money that I got from selling stocks that I held for more than 5 years. I think that the tax rate on this money would be lower than my income rate since it was a risk investment and I held it for more than 5 years. The Amendment form 1040X...

Long Term Capital Gains? [ 1 Answers ]

I used TaxAct to do my 2005 taxes. During 2005 I sold stock that I held for more than 2 years. When I reviewed the TaxAct print out, there was no discount on the gains from the stock sale. When I sold stock in the past (long term), only a portion of the gains was recorded as income. Is long term...


View more questions Search