twentw
New Member

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?