Marie Posted November 19, 2007 Report Share Posted November 19, 2007 I want to estimate for clients a ball park figure when they are selling LT capital gains. I run the numbers on a duplicate return ( not changing the deprec), but what can I do about the tax liability. Do I take the tax and subtract the 5% amount from the total tax liability? Isn't that the 0% this year (2007)? I'm trying to figure out approx how much more tax he will pay taking it all in one year as opposed to two years (installment sale). For 2008, isn't the 5% rate 0% also. It looks as though he will save the amount in the 5% bracket twice running it as an installment sale. Does anyone have a good way of doing this? Any help appreciated. Thanks Quote Link to comment Share on other sites More sharing options...
Marie Posted November 19, 2007 Author Report Share Posted November 19, 2007 Sorry, 0% rate not starting until 2008, but generally the question still the same. How to estimate LT gains in 07 and 08. Quote Link to comment Share on other sites More sharing options...
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