DawnC
Expert Alumni

Get your taxes done using TurboTax

Your capital gain amount in on Line 7 of Form 1040.   That number is included in Line 15, which is your taxable income.   The tax amount on Line 16 includes the tax on your taxable social security and interest.    

 

The lower rates apply to long-term capital gains.  Short-term capital gains are taxed at ordinary income tax rates.  @kpl23 

 

Capital Gain Rates

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