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night28 t1_iy6xvpg wrote

The 300k counts as income for tax purposes. It's just subject to capital gains tax instead of income tax.

Edit: /u/Mysunsai's answer is more complete than mine. tldr answer is no though.

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pyrocat OP t1_iy6y2rb wrote

so the 300k would be taxed at 15%?

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night28 t1_iy6y9ta wrote

I'm seeing 15% if total taxable income is less than ~460k for the year if single ~517k for married.

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pyrocat OP t1_iy6z760 wrote

got it. I figured we were missing something, I'll let him know. Thanks!

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