scapjm
Returning Member

Get your taxes done using TurboTax

Thank you, 

while you were responding, I had downloaded the complete tax tables and my tax amount is consistent with line 15 LESS the capital gain. So I looked up the tax on the total amount and subtracted the tax on the smaller taxable income (which is not what it says is the "taxable " income...  and the amount I get for the difference, I divided by the capital gain and it comes out to 12%...

So the TAX then is correct ..... BUT it's not showing anywhere the lesser amount as taxable....

But the tax then would be the exact same as if I did not have the gain. so why did it change as soon as I entered the 1099B?