Hal_Al
Level 15
Intuit Approved! This answer has been verified for accuracy by an Intuit expert employee

Get your taxes done using TurboTax

Q.  Does Long Term Capital Gain increase my other net income tax bracket?

A. No.  Although the capital gain increases your total income, your "other income" is taxed first, at the original bracket rate.  

 

Q. Where can I find complete IRS tax calculations?

A. The qualified dividends and capital gains worksheet. (for some people, it's the Schedule D worksheet).  TurboTax will prepare the worksheet.

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