An example of a flight data recorder; the underwater locator beacon is the small cylinder on the far right. (Translation of warning message in French: FLIGHT RECORDER DO NOT OPEN) The warning appears in English on the other side.
1 Long-term gains are treated much better. 2  Long-term gains are taxed at 15% or 20% except for taxpayers in the 10% or 15%t bracket. 3  For low-bracket taxpayers, the long-term capital gains rate is 0%. 4  There are exceptions, of course, since this is tax law:.
Your capital gains are taxed as regular income if you held the property for less than one year or as long-term capital gains if you held it for more than one year. For the 2012 tax year, the IRS taxes long-term gains at 15 percent, and California taxes them as regular income.f you sold the property at a profit, you will have to pay 25 percent federal depreciation recapture tax and Callifornia state income tax on the total accumulated depreciation.