MelindaS1
Expert Alumni

Get your taxes done using TurboTax

The net capital gains tax rate of 0% only applies if your net long-term gains exceed your net short-term losses. This means you had to have held the assets for over a year before selling to qualify for the 0% rate. If you had net positive gains on assets that you held for less then a year, then that would be a net short-term capital gain, which is taxed at your ordinary income tax rate. 

 

See - IRS topic 409, section Capital gains tax rates

TurboTax, "A Guide to the Capital Gains Tax Rate: Short-term vs. Long-term Capital Gains Taxes"

 

Were the gains from investment asset(s) that you held long-term (over 1 year)?

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