Capital Gains % Rate In (NJ) Is It Still 15%
What is the Capital gains %,?,I know it is 15%, but I was told if you sell the property in less than a year, you have to pay 38%. ( in NJ) this is for a multaifamily flip deal.
if you sell before 1year, the capital gain rate will be your personal tax rate.
If ur commercial property is held in a business entitiy, just sell the business entity. Since the deed to the property does not trade hands, NO TAX IMPLICATIONS WHATSOEVER. Ka-chiiing~!!!