Question

Melissa sold some of her Bitcoin in 2021 for a $200,000 long-term capital gain, bringing her total taxable income to $450,000. What is the tax on this capital gain if she files her return as Head of Household?

Answer 1

Answer:

hi so im thinking its $250,000 dollors probaly

Explanation:

Answer 2

Melissa's capital gain tax from the sale of her Bitcoin in 2021 for a long-term capital gain of $200,000, and as Head of Household is $30,000.

Data and Calculations:

Long-term capital gain = $200,000

Total taxable income = $450,000

Assumed long-term capital tax rate = 15%

Thus, the tax on Melissa's capital gain tax from the sale of her Bitcoin in 2021 for a long-term capital gain of $200,000, and as Head of Household is $30,000 ($200,000 x 15%).

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