Here's some more details (I didn't realize I posted question 2x):
MFJ, one spouse over 65 and partially retired, other spouse retiring. Capital loss-carryover from prior years, assume 10K; LTCG well over this amount. I understand there's a "taxable income" threshold of 98.9K for 2026 to get the 0% LTCG rate. Question: Will the "taxable income" test be applied strictly to what's on Line 15 of the 1040 (which would show the net LTCG - after deducting capital loss carryover of 10K)? Or will there be any special rules for this test - like adding back the capital loss carryover?
