3499576
I needed to amend my daughter's 2024 tax return and add a 1099-DIV which included some capital gains.
Her total Income after the amemded input was less than $30,000.
The income limit for any cap gains is 47025 (Single filers).
Turbo Tax still added about $1500 in taxes.. is this right? Shouldn't there be no Cap Gains tax in this case?
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the cap gains push other income into a higher tax bracket. there is a capital gain and qualified dividend worksheet that you can review,
Thanks very much
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