scapjm
Returning Member

Get your taxes done using TurboTax

DUH ME!!!! thanks for reminding me how taxable income could increase....

Lightbulb : so the capital loss of 1400 was coming of regular income  but when I put in the stock gain, it was shifted to reduce the capital gain rather than the regular taxable income.

So that explains why the number in TT changed up in the left corner...

But still, I don't see anywhere the ACTUAL amount on which the tax calculates to the tax table lesser income amount tax.