Discussion:Capital gains rates on installment sale if tax legislation changes
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Discussion Forum Index --> Basic Tax Questions --> Capital gains rates on installment sale if tax legislation changes
Discussion Forum Index --> Tax Questions --> Capital gains rates on installment sale if tax legislation changes
| 24 October 2012 | |
| Lets say capital gains rates change form 15% to lets say 20 or 25% due to legislation after the elections. Would any capital gains realized through an installment method have to pay tax on the new capital gains rates or would they be somehow grandfathered in at the rates at the time of the sale? | |
| 24 October 2012 | |
| Depends on the legislation. Most likely that the new tax rate will apply based on the date installment payment is received. In the past, as I recall, Form 6252 had a place to enter receipt dates, pre or post rate change date. | |
Death&Taxes (talk|edits) said: | 24 October 2012 |
| Every time in the past installment sale payments were subject to the new rates (TRA 86 is a good example) | |
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