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Get your taxes done using TurboTax
There is no separate capital gain tax. The income tax on capital gain is included in the total tax on Form 1040 line 16. Where exactly do you see $454 - on what form and what line of the form?
If you have -$3,000 on Form 1040 line 7, then you have a net capital loss and you are not paying tax on any capital gain.
May 26, 2025
1:58 PM