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Get your taxes done using TurboTax
Long term capital gains are taxed at 0% if your tax bracket is 12% or less (less than $41,675 of taxable income for Single or MFS or less than $83,350 of taxable income for MFJ)..
However, long term capital gains are included in your taxable income for the calculation of your tax bracket, and that part of long term gain which crosses over $41,675 (Single or MFS) or $83,350 (MFJ) is taxed at 15%.
In your case, long-term capital gains when added to your other taxable income bring taxable income above $83,350 and that excess is taxed at 15%.
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March 30, 2023
7:51 AM