I sold stocks in 2024 (via my taxable brokerage) that resulted in roughly $13k in cost basis, I'm guessing that this means that I made 13k from this sale? My question is does this 13k added on top of my annual salary (from W-2) to arrive at the tax rate set by the IRS? I reviewed the IRS site: https://www.irs.gov/newsroom/irs-provides-tax-inflation-adjustments-for-tax-year-2024
Does this mean that my 13k will be used to calculate my tax rate? Or is the tax rate listed in that above IRS link only for my W-2 income from employment? If the 13k is added on top of my income (which falls in the 22% tax bracket), then I'm assuming that I will be taxed 22% of 13k right?
Thank you so much in advance!
