MindyB
Expert Alumni

Get your taxes done using TurboTax

Yes. When you are determining your long-term capital gains tax rate, you are eligible for 0% capital gains rate if your taxable income is $48,350 or less ($96,700 or less if you are married filing jointly). Your taxable income is calculated after all allowable deductions and losses have been applied to your gross income, including any capital loss carry-overs used.