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Is Turbo Tax properly calculating tax on stock sale?
I sold stock last year. Stock held more than a year is taxed at the capital gains rate (15%). Without the stock sale, my effective tax rate is about 19%. When I add the stock sale, my effective tax rate is exactly the same, which leads me to believe that Turbo Tax is not applying the 15% capital gains rate. Is there any way to see how it's doing the calculation?
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May 9, 2023
2:34 PM