Get your taxes done using TurboTax

Yes, but

 

Income stacks for purposes of this calculation.  If you are single, and take the standard deduction, roughly the first $45,000 of income is in the 10% or 12% bracket for regular income tax and the 0% bracket for capital gains.  But if your total income is more than $45,000, that pushes the top income into the 22% income tax and 15% capital gains tax bracket.  So if your only income is $60K of capital gains, the first $45K will be taxed at zero percent and $15K will be taxed at 15%.

 

These thresholds are obviously different for married filing jointly or head of household.