The conversation between human and AI assistant.
How are capital gains taxed for the lowest tax bracket?
That makes sense. Are there any special rules for capital gains taxes on real estate?
Yes, there are special rules for capital gains taxes on real estate. For example, if you sell a primary residence, you may be able to exclude up to $250,000 in capital gains if you're single and up to $500,000 if you're married filing jointly, as long as you meet certain requirements. Additionally, if you sell a rental property, there are different capital gains tax rates and rules that apply.