Dr. Friday 0:00
Good day. I’m Dr. Friday, president of Dr. Friday Tax and Financial Firm. To get more info go to www.drfriday.com. This is a one-minute moment.
Dr. Friday 0:12
Capital gains and qualified dividends tax rates. This is important. A lot of people last year sold homes. And if you sold a rental property a second home and investment property, you’re going to be hit with capital gains rates. If you owned them for more than a year and a day very, very important. Because if it’s been owned for less than a year in a day, guess what? Ordinary income rates but with capital gains you have 15% 20%, and then you also have the 3.8 that’s added in so you need to understand, “Am I paying 15? Am I paying 18.8? Am I paying 20? Am I paying 24? How much do I have to pay? And you can call me and I can help you out.
You can catch the Dr. Friday call-in show live every Saturday afternoon from 2 pm to 3 pm right here on 99.7 WTN.