How can I force TurboTax to apply the standard deduction to short-term capital gains?
For example: If I enter $10,000 for income for my son and then add $1000 in short-term capital gains (1099-B), it calculates that $100 in tax is owed (10% of short-term) even though the total income + short-term is less than the standard deduction of $15,750 for a single filer. Is there a way to trick TurboTax into correctly applying the standard deduction to the short-term gain?
Thanks!
