capital gain taxes on real estate? | Real Property Management

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Question by steve: capital gain taxes on real estate?
I am thinking of selling half of my farm land to a neighbor, which will double what I paid for . What is the percentage rate on capital gains tax ? Is there any other taxes I might have to pay ? I am in Missouri

Best answer:

Answer by v b
15%, but you may be affected by AMT, so plan on 17% for federal.

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