scapjm
Returning Member

Get your taxes done using TurboTax

Thank you so much! I figured out what was causing the increased tax. We had a bit of capital losses. Before we entered the capital gain, the losses were a deduction to ordinary income. Before we entered the gain, those losses reduced the actual taxable income. But when we put the capital gain in, it shifted the capital loss to reduce the capital gain. so we lost that loss as a deduction. 😜