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Get your taxes done using TurboTax
The fact that all your income is added together on Form 1040 does not mean that it's all taxed at the same rates, or that it's all taxed as ordinary income. The tax is calculated on either the Schedule D Tax Worksheet or the Qualified Dividends and Capital Gain Tax Worksheet. Either worksheet separates long-term capital gain from other income and uses the appropriate rates for each type of income. In TurboTax Online the only way to see the tax worksheet is to save a PDF of your tax return with all forms and worksheets (not just the forms needed for filing).
‎June 1, 2019
1:20 PM