Challenge #362: Capital Gains Tax when Selling a Home

[MatteoReddavide]

This solution Should be dynamic in case of future changes of the "2023 Tax Rates for Capital Gains Table", eventual addition of a 4th percentage.

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[akorte1]

Done

[ed_hayter]

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[leozhang2work]

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The wording is very confusing, I have to download the answer to check.

I have to say I don't agree with it at all. The house transaction should be one calculation that is added onto the income tax. Then calculate the tax payable at each band. 

The answer indicate I just make sure my house transaction is below the capital gain threshold, then I can avoid payment millions of tax on my other incomes. 😅

[drslatier]

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[CharlotteGuy]

The Overage is amount over the sell AND after exclusion. You would not have to pay that much. Here is what the answer should be from my experience and knowledge..

[CharlotteGuy]

Yes, It would be amount after the exclusion. 

[CharlotteGuy]

Yes, your right. 

[Hammad_Rashid]

My Solution.

[Watermark]

Wayyyy too many tools, but just knocking it out.

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