Helmmy set up an irrevocable trust. In 2020, the trust reported $65,000 of taxable income,...
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Helmmy set up an irrevocable trust. In 2020, the trust reported $65,000 of taxable income, including a long-term capital gain of $10,000. At what rate will the long-term capital gain be taxed? Rate Tax Rates for Net Capital Gains and Qualified Dividends Taxable Income Married Filing Married Filing Single Head of Jointly Separately Household SO - $80,000 $0-$40,000 SO - $40,000 $0-$53,600 $80,001 - $40,001 - $40,001 $53,601 - $496,600 $248,300 -$441,450 $469,050 $496,601 + $248,301 + $441,451 + $469,051 + 0% 15% Trusts & Estates $0-$2,650 $2,651 - $13,150 $13,151 + 20% O A 0% O B. 10% O C. 15% OD. 20% O E.25%
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