@lori 1
It depends. If the change in the income you reported was subject to the capital gains rate instead of the regular income tax table, you could indeed have zero tax change despite having added a loss.
The tax rate on most net capital gain is no higher than 15% for most individuals. Some or all net capital gain may be taxed at 0% if your taxable income is less than or equal to $41,675 for single and married filing separately, $83,350 for married filing jointly or qualifying surviving spouse or $55,800 for head of household. See here for more details from the IRS.
You can preview your entire return before filing to view the forms that TurboTax has prepared from your entries and to find out how your taxes were calculated. See here for details.
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