KattiEm
New Member

Get your taxes done using TurboTax

I did not understand how Capital Gains and Regular Income were treated. However, I did find a great tool on NerdWallet that helped me:  https://www.nerdwallet.com/article/taxes/capital-gains-tax-rates

 
It looks like there is just a little difference in the tax amounts for my exact situation. The benefit of $0 tax on the capital gain goes away after $47,025 and is offset by the better deduction of married filing jointly. Just taking into account income and capital gains the tax difference is less that $1,000.