Capital gains tax: plan ahead, keep more
Selling real estate, stock or your business? A little planning before you sell can make a big difference to what you keep.
Capital gains can cost more than you expect
Short-term gains (assets held one year or less) are taxed at ordinary income rates of up to 37%. Long-term gains get lower rates of 0%, 15% or 20% — but the 3.8% net investment income tax, depreciation recapture and Mississippi income tax can all add to the bill.
We help you understand exactly what you’ll owe, which exclusions and strategies apply and how to structure and time the sale to reduce the tax legally.
With our support you’ll:
- Know your likely tax before you sell
- Use the $250K / $500K home sale exclusion
- Consider 1031 exchanges and installment sales
- Harvest losses to offset gains
- Plan gifts and charitable strategies
When you might need capital gains advice
Selling a rental or second home?
Calculate the gain, depreciation recapture and whether a 1031 exchange makes sense.
Selling stock or investments?
Use holding periods, tax-loss harvesting and specific lot identification to lower the tax.
Selling your business?
Asset vs. stock sale, purchase price allocation and qualified small business stock (QSBS).
Inheriting or gifting assets?
Understand stepped-up basis, carryover basis and how gifts affect the recipient’s taxes.
Trading or investing in crypto?
Every sale or swap can be taxable. We reconcile your transactions and Form 1099-DA.
Timing is everything
Holding one extra day past a year, or selling in a lower-income year, can cut the tax rate dramatically.
Capital gains planning is all about timing
The best time to talk to us is before you sign a contract. With Accurate Accounting, you’ll move forward with clarity, confidence and control — knowing everything has been considered.
Book a Capital Gains Review