Capital Gains Tax worksheet

1. Estimated tax on this sale: $1,620.00

1. Find your profit (the capital gain): the sale price, minus selling costs, minus what you paid

   $\mathrm{\$27,500.00}-\mathrm{\$14,000.00}$$=\mathrm{\$13,500.00}$

2. Find the rest of your taxable income: your other income minus the 2026 standard deduction for single filers. The gain is stacked on top of this

   $\mathrm{\$52,500.00}-\mathrm{\$16,100.00}$$=\mathrm{\$36,400.00}$

3. A short-term gain is taxed like wages. So find your tax with the gain, then take away your tax without it

   $\mathrm{\$5,740.00}-\mathrm{\$4,120.00}$$=\mathrm{\$1,620.00}$

4. Find your effective rate: the tax as a share of the gain, so you see what you really pay

   $\frac{\mathrm{\$1,620.00}}{\mathrm{\$13,500.00}}$$=\mathrm{12\%}$

2. Estimated tax on this sale: $1,117.50

1. Find your profit (the capital gain): the sale price, minus selling costs, minus what you paid

   $\mathrm{\$17,000.00}-\mathrm{\$8,000.00}$$=\mathrm{\$9,000.00}$

2. Find the rest of your taxable income: your other income minus the 2026 standard deduction for single filers. The gain is stacked on top of this

   $\mathrm{\$64,000.00}-\mathrm{\$16,100.00}$$=\mathrm{\$47,900.00}$

3. The part of the gain that keeps your total taxable income under $49,450.00 is taxed at 0%

   $\mathrm{\$1,550.00}\times \mathrm{0\%}$$=\mathrm{\$0.00}$

4. The part up to $545,500.00 is taxed at 15%

   $\mathrm{\$7,450.00}\times \mathrm{15\%}$$=\mathrm{\$1,117.50}$

5. Add up the parts to get your federal tax on a long-term gain

   $\text{federal tax on the gain}$$=\mathrm{\$1,117.50}$

6. Find your effective rate: the tax as a share of the gain, so you see what you really pay

   $\frac{\mathrm{\$1,117.50}}{\mathrm{\$9,000.00}}$$=\mathrm{12.42\%}$

3. Estimated tax on this sale: $2,440.00

1. Find your profit (the capital gain): the sale price, minus selling costs, minus what you paid

   $\mathrm{\$30,000.00}-\mathrm{\$10,500.00}$$=\mathrm{\$19,500.00}$

2. Find the rest of your taxable income: your other income minus the 2026 standard deduction for married filing separately filers. The gain is stacked on top of this

   $\mathrm{\$48,000.00}-\mathrm{\$16,100.00}$$=\mathrm{\$31,900.00}$

3. A short-term gain is taxed like wages. So find your tax with the gain, then take away your tax without it

   $\mathrm{\$6,020.00}-\mathrm{\$3,580.00}$$=\mathrm{\$2,440.00}$

4. Find your effective rate: the tax as a share of the gain, so you see what you really pay

   $\frac{\mathrm{\$2,440.00}}{\mathrm{\$19,500.00}}$$=\mathrm{12.51\%}$

4. Estimated tax on this sale: $2,062.50

1. Find your profit (the capital gain): the sale price, minus selling costs, minus what you paid

   $\mathrm{\$27,500.00}-\mathrm{\$8,200.00}$$=\mathrm{\$19,300.00}$

2. Find the rest of your taxable income: your other income minus the 2026 standard deduction for married filing separately filers. The gain is stacked on top of this

   $\mathrm{\$60,000.00}-\mathrm{\$16,100.00}$$=\mathrm{\$43,900.00}$

3. The part of the gain that keeps your total taxable income under $49,450.00 is taxed at 0%

   $\mathrm{\$5,550.00}\times \mathrm{0\%}$$=\mathrm{\$0.00}$

4. The part up to $306,850.00 is taxed at 15%

   $\mathrm{\$13,750.00}\times \mathrm{15\%}$$=\mathrm{\$2,062.50}$

5. Add up the parts to get your federal tax on a long-term gain

   $\text{federal tax on the gain}$$=\mathrm{\$2,062.50}$

6. Find your effective rate: the tax as a share of the gain, so you see what you really pay

   $\frac{\mathrm{\$2,062.50}}{\mathrm{\$19,300.00}}$$=\mathrm{10.69\%}$

5. Estimated tax on this sale: $960.00

1. Find your profit (the capital gain): the sale price, minus selling costs, minus what you paid

   $\mathrm{\$22,000.00}-\mathrm{\$14,000.00}$$=\mathrm{\$8,000.00}$

2. Find the rest of your taxable income: your other income minus the 2026 standard deduction for head of household filers. The gain is stacked on top of this

   $\mathrm{\$80,000.00}-\mathrm{\$24,150.00}$$=\mathrm{\$55,850.00}$

3. A short-term gain is taxed like wages. So find your tax with the gain, then take away your tax without it

   $\mathrm{\$7,308.00}-\mathrm{\$6,348.00}$$=\mathrm{\$960.00}$

4. Find your effective rate: the tax as a share of the gain, so you see what you really pay

   $\frac{\mathrm{\$960.00}}{\mathrm{\$8,000.00}}$$=\mathrm{12\%}$

6. Estimated tax on this sale: $930.00

1. Find your profit (the capital gain): the sale price, minus selling costs, minus what you paid

   $\mathrm{\$20,000.00}-\mathrm{\$12,250.00}$$=\mathrm{\$7,750.00}$

2. Find the rest of your taxable income: your other income minus the 2026 standard deduction for married filing separately filers. The gain is stacked on top of this

   $\mathrm{\$64,000.00}-\mathrm{\$16,100.00}$$=\mathrm{\$47,900.00}$

3. The part of the gain that keeps your total taxable income under $49,450.00 is taxed at 0%

   $\mathrm{\$1,550.00}\times \mathrm{0\%}$$=\mathrm{\$0.00}$

4. The part up to $306,850.00 is taxed at 15%

   $\mathrm{\$6,200.00}\times \mathrm{15\%}$$=\mathrm{\$930.00}$

5. Add up the parts to get your federal tax on a long-term gain

   $\text{federal tax on the gain}$$=\mathrm{\$930.00}$

6. Find your effective rate: the tax as a share of the gain, so you see what you really pay

   $\frac{\mathrm{\$930.00}}{\mathrm{\$7,750.00}}$$=\mathrm{12\%}$

7. Estimated tax on this sale: $1,740.00

1. Find your profit (the capital gain): the sale price, minus selling costs, minus what you paid

   $\mathrm{\$22,000.00}-\mathrm{\$7,500.00}$$=\mathrm{\$14,500.00}$

2. Find the rest of your taxable income: your other income minus the 2026 standard deduction for head of household filers. The gain is stacked on top of this

   $\mathrm{\$42,000.00}-\mathrm{\$24,150.00}$$=\mathrm{\$17,850.00}$

3. A short-term gain is taxed like wages. So find your tax with the gain, then take away your tax without it

   $\mathrm{\$3,528.00}-\mathrm{\$1,788.00}$$=\mathrm{\$1,740.00}$

4. Find your effective rate: the tax as a share of the gain, so you see what you really pay

   $\frac{\mathrm{\$1,740.00}}{\mathrm{\$14,500.00}}$$=\mathrm{12\%}$

8. Estimated tax on this sale: $1,950.00

1. Find your profit (the capital gain): the sale price, minus selling costs, minus what you paid

   $\mathrm{\$22,500.00}-\mathrm{\$9,500.00}$$=\mathrm{\$13,000.00}$

2. Find the rest of your taxable income: your other income minus the 2026 standard deduction for married filing separately filers. The gain is stacked on top of this

   $\mathrm{\$68,000.00}-\mathrm{\$16,100.00}$$=\mathrm{\$51,900.00}$

3. The part up to $306,850.00 is taxed at 15%

   $\mathrm{\$13,000.00}\times \mathrm{15\%}$$=\mathrm{\$1,950.00}$

4. Add up the parts to get your federal tax on a long-term gain

   $\text{federal tax on the gain}$$=\mathrm{\$1,950.00}$

5. Find your effective rate: the tax as a share of the gain, so you see what you really pay

   $\frac{\mathrm{\$1,950.00}}{\mathrm{\$13,000.00}}$$=\mathrm{15\%}$

9. Estimated tax on this sale: $0.00

1. Find your profit (the capital gain): the sale price, minus selling costs, minus what you paid

   $\mathrm{\$30,000.00}-\mathrm{\$11,750.00}$$=\mathrm{\$18,250.00}$

2. Find the rest of your taxable income: your other income minus the 2026 standard deduction for head of household filers. The gain is stacked on top of this

   $\mathrm{\$40,000.00}-\mathrm{\$24,150.00}$$=\mathrm{\$15,850.00}$

3. The part of the gain that keeps your total taxable income under $66,200.00 is taxed at 0%

   $\mathrm{\$18,250.00}\times \mathrm{0\%}$$=\mathrm{\$0.00}$

4. Add up the parts to get your federal tax on a long-term gain

   $\text{federal tax on the gain}$$=\mathrm{\$0.00}$

5. Find your effective rate: the tax as a share of the gain, so you see what you really pay

   $\frac{\mathrm{\$0.00}}{\mathrm{\$18,250.00}}$$=\mathrm{0\%}$

10. Estimated tax on this sale: $1,440.00

1. Find your profit (the capital gain): the sale price, minus selling costs, minus what you paid

   $\mathrm{\$26,000.00}-\mathrm{\$12,000.00}$$=\mathrm{\$14,000.00}$

2. Find the rest of your taxable income: your other income minus the 2026 standard deduction for married filing jointly filers. The gain is stacked on top of this

   $\mathrm{\$45,000.00}-\mathrm{\$32,200.00}$$=\mathrm{\$12,800.00}$

3. A short-term gain is taxed like wages. So find your tax with the gain, then take away your tax without it

   $\mathrm{\$2,720.00}-\mathrm{\$1,280.00}$$=\mathrm{\$1,440.00}$

4. Find your effective rate: the tax as a share of the gain, so you see what you really pay

   $\frac{\mathrm{\$1,440.00}}{\mathrm{\$14,000.00}}$$=\mathrm{10.29\%}$